The Business Times, 5 November 1988

Microfilm: NL16275
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, November 5-6 1988 75 CENTS
    12 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    232 1 AP Dow down WALL STREET stocks fell sharply in early trading yesterday after the report of a much larger than expected rise in US jobs in October. The dollar responded with a strong gain, but bonds were down sharply. The Dow 30 was down 12 at 2159
    AP  -  232 words
  • Article, Illustration
    Prices ease
    93 1 SHARE PRICES on the Singapore stock market eased in light trading yesterday. Most investors stayed on the sidelines ahead of the US presidential elections on Tuesday and last night's release of October data on US unemployment. Brokers said the overnight gain on Wall Street failed to boost sentiment
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  • Article
    Singapore Land asks shareholders for $115m
    523 1  -  One-for-one rights unsecured loan stock proposed By AMY BALAN DESPITE DISMAL results, Singapore Land Ltd is proposing to borrow more money from its shareholders. And on very attractive terms. The property giant has proposed a one-for-one rights unsecured loan stock to raise up to
    523 words
  • Article, Illustration
    S'pore dollar at all-time high against US$, ringgit
    279 1  -  By DEXTER LEE THE SINGAPORE dollar yesterday soared to all-time high levels against the US dollar and Malaysian ringgit, with some dealers expecting even further gains in the absence of central bank intervention. The American unit was traded down to a new
    279 words
  • Article
    Lock icon US October unemployment rate fell to 5.3pc
    157 1 AP, Reuter THE US unemployment rate fell to 5.3 per cent in October as the economy created more than 300,000 jobs, the government said yesterday in its last major economic report before next week's presidential election. Employers added 325,000 jobs last month, compared
    AP,; Reuter  -  157 words
  • Article
    Lock icon Australia to lower tariff, remove import quotas on Asean products
    435 1 Bernama MOST ASEAN products will face tariffs no higher than 10 per cent by 1992 and all import quotas are to be eliminated by 1995, Australia's Deputy High Commissioner to Malaysia, D J Fisher, said in Kuala Lumpur yesterday. Explaining
    Bernama  -  435 words
  • Article
    Mercenaries flee Maldives with hostages
    219 1 MERCENARIES took a Cabinet miniater and a member of the Maldivea' Parliament hoatage when they fted the Indian Ocean ialand in boats yesterday after a failed attempt to overthrow the government, residents said. A businessman interviewed by telephone from the capital, Male, told Reuter that
    219 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      228 1 Nikon The World's Finest Photographic System. Full report, PAGE 16 BT on Saturday: 6 A drugged argument Laadarship struggle 2 SFCCI's problem resolved Trusaardi 2 Gamut Trading secures sole agency in South-east Asia Afghaniatan 3 UN reaches accord, seeks end to outside interference Malaysian economy 3 Inflation rate creeping up
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      Page 1 Advertisements Column 2
      9 1 Th« USS: two vlows of a decline, PAGE 13
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      Page 1 Advertisements Column 3
      261 1 Th« World'* Finest Photographic System. Revelations or revels? Page 7 Tb|>4A rvnmwMi invn Unearthly beings on earth Page 7 Is there a doctor in the house? Page 8 Going Upstairs Page 9 Pickings and morsels Page 9 TV programmes for today and tomorrow Eat and pump a little irony Page
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  • HOME NEWS
    • Article
      Malay chamber aims to make S'pore hub of Muslim trading
      236 2 THE Singapore Malay Chamber of Commerce is working towards making Singapore the regional centre of Malay Muslim trading by providing international marketing services. President Jalil Haron said the Malay Chamber was making contacts with Malay Muslim manufacturers in the region
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    • Article
      Creative PA can provide better quality service
      200 2 THE PEOPLE'S Association (PA) can provide an even better quality of service to Singaporeans if it adopts creativity as its basic tool. This means generating good ideas and applying them, said Mr Lee Yock Suan, Minister for Labour and deputy chairman of the
      200 words
    • Article, Illustration
      Leadership question at SFCCI resolved
      255 2  -  Rotation proposal accepted, says Malay chamber head By WILLIAM CHIA THE leadership problem at the Singapore Federation of Chambers of Commerce and Industry •(SFCCI) has been resolved. Mr Linn In Hua, head of the Chinese Chamber, will be installed as the new president when the
      255 words
    • Article, Illustration
      C K Tang subsidiary wins Trussardi agency
      278 2  -  By SUZANNE SOH GAMUT TRADING Pte Ltd. a wholly-owned subsidiary of C K Tang, has secured the sole agency in South-east Asia for Trussardi, an established Italian brand for leather bags and accessories. Prior to this, Hongkongbased company Wah Chong International was the
      278 words
    • Article
      Three more stations for MRT system
      187 2 THE MASS RAPID Transit system extends to three more stations on the western line today. Service along the new 6.4-km route, which covers Jurong East. Chinese Garden and Lakeside stations, will be open to the public from 2pm. These stations are the first batch
      187 words
    • Article
      SDP man sacked from bank union
      239 2 OPPOSITION UNIONIST Mohd Shariff Yahya of the Singapore Bank Employees Union (SBEU) was expelled after the union's executive committee met yesterday. Mr Shariff, vice-chairman of the SBEU's Malayan Banking Bhd branch, had contested the last election as a Singapore Democratic Party candidate. "The disciplinary
      239 words
    • Article
      Firm allowed to retest DOT-approved cylinders
      144 2 THE SINGAPORE aerospace industry received a boost recently when the US Department of Transport (DOT) granted WH Brennan, a subsidiary of an Australian company, the right to retest DOT-approved cylinders hydrostaticly. This makes WH Brennan's flight safety repair station in Loyang the only one
      144 words
    • Article
      Condominiums, bungalows, marina planned for Sentosa
      461 2  -  By TONG SUIT CHEE ONCE THE link to Sentosa is built, part of the resort island can be used for residential development, Trade and Industry Minister Brigadier-General (Res) Lee Hsien Loong said yesterday. Speaking at the opening of Sentosa's new ferry terminal, he said
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    • Article
      SHIPS IN PORT
      1270 2 AT CONVENTIONAL WHARVES VNMl KEPPEL WHARVES B«nn Arrival Mpartu April Glory K IB alongside 0511/1500 Continent 1 K21 alongside 07 11/1500 Equator K22 alongside 0511/0600 Equator III K23 alongside 0511^)700 FE Cheer K19 alongside 00 11/0600 Her Chang K3I alongside 09 11/0600 Koeki Moru K20 alongside 0511/2300
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      176 2 Welcome to the new comforts of home There are changes in the air at Hotel ivEquatorial Kuala Lumpur. Most important is the total make-over in I our rooms and suites, now in a 1/ mcxiern, contemporary style that's f charmingly comfortable. A new refreshing kx>k greets you at our lobby.
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  • OVERSEAS
    • Article
      Lock icon Concern in Malaysia over inflation
      372 3 Bernama THE MALAYSIAN inflation rate has been creeping up in recent months and the unexpected jump in the June and July figures has caused some concern, according to the latest issue of Money Letter, published by Bank Buruh (Malaysia) Bhd and released on Thursday. The
      Bernama  -  372 words
    • Article
      Lock icon Lim Kit Siang ends hunger strike
      164 3 AFP MALAYSIAN parliamentary opposition leader Lim Kit Siang and his son, Guan Eng, called off a hunger strike at a detention camp yesterday, an official of the opposition Democratic Action Party (DAP) said. Lee Lam Thye, acting secre-tary-general of the DAP, said the two
      AFP  -  164 words
    • Article
      Lock icon EC-Soviet talks on economic pact begin
      219 3 Reuter A SOVIET delegation opened two days of talks with European Community (EC) officials on Thursday on a possible economic pact to boost trade and cooperation. Diplomats said the Soviets, led by Ivan Ivanov, deputy chairman of the State Committee for External Economic Relations,
      Reuter  -  219 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      835 3 ARRIVALS SiA SQ105 1105 KUL SKA ***** 1130 BWN SiA SQ201 1145 CGK GIA GA940 1150 MES SiA SQ191 1155 PEN SiA SQ238 1155 MES THA TG403 1155 BKK AIC AI408 1200 BOM/MAA THA TG407 1205 BKK/HDY GIA GA900 1210 PKU MAS MH641 1230 KCH SiA SQ203
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    • Article
      Lock icon Lange sacks a powerful Cabinet minister
      249 3 Reuter NEW ZEALAND faced a major political crisis yesterday after Prime Minister David Lange sacked a powerful Cabinet minister who responded with a stinging attack on the Labour Party leader. The sudden split stunned financial markets where share prices and the New Zealand dollar
      Reuter  -  249 words
    • Article
      Lock icon Bonn: 2.5pc growth forecast
      118 3 AFP WEST GERMAN Finance Minister Gerhard Stoltenberg expects his country's economy to grow by 2.5 per cent in real terms next year, after 3.5 per cent this year. The forecast is more optimistic than the predictions of the five leading West German economic research institutes, which
      AFP  -  118 words
    • Article
      Lock icon 'Virus' hits US computers
      251 3 Reuter A COMPUTER ••virus" spread through a nationwide US computer network shared by defence-related and university research laboratories. Scientists at the Lawrence Livermore Weapons Laboratory said on Thursday that the virus, a computer program surreptitiously introduced into the networks of the electronic machines, caused no harm
      Reuter  -  251 words
    • Article
      Lock icon UN reaches accord on Afghanistan
      417 3 Call for an end to outside interference AP THE United Nations General Assembly has reached agreement on Afghanistan for the first time, calling for a broadbased government of national reconciliation and an end to outside interference in Afghan affairs. Soviet troops entered Afghanistan in December
      AP  -  417 words
    • Article
      Lock icon Monks threaten to march and strike in Burma
      373 3 AFP A LEADING Burmese monks' organisation has called on the ruling military junta to form an interim government and threatened a march and a general strike if the demand is not met. At the same time, there were reports on Thursday that
      AFP  -  373 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      65 3 W I \g A|\ If I \i The business person's choice, every I I II 111 I Tuesday Thursday, Saturday and I I I|X 1 II \l I I I Sunday. Leaving Cnangi Airport at I yyl\y yL 1 JL 22 05 hours and arriving at Lester B. Pearson International
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      Page 3 Advertisements Column 2
      18 3 A PATEK PHILIPPE THE CREATIVE HAND am/ StaiM/ton Jfflvte/ t, Wujcaden 1024 WE WOULD BE HONOURED BY YOUR'PRESENCE
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      200 3 Vmm /sS'Z Max/ Note Mln (°C) 20/13 Cloudy 04-01 Clear 18/05 Clear 30/25 Cleor 27/22 Sunny 06/03 Rain 05-01 Clear 26/20 Cleor 07/02 Sunny 29/18 Fin* unov 06/02 Rain 25/14 Clear 25/16 Clear 10-01 Cloudy 28/17 Showers 28/17 Rain 10/03 Rain 03-04 Clear 30/24 Cloudy 12/08 Cloudy 07-02 Clear 16/03
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    • Miscellaneous
      Page 3 Miscellaneous Column 2
      65 3 Doonesbury YES, SIR. uepsTW' INGTOHTT THEGROUNP RUNNING! w r^C Her DDE m jiii'll. 3^pareß2afef#' (watt's VOUK. YOUNG RUNNING MATS?IWAS HOPING TO CONGRATULATE HJ/H. 11l V± ll» aaa •i mi air ill issr'i BY GARRY TRUDEAU HPS OVER U/fTH HISTBAyiftWING INTO THE VIC3 PRBS/PSNT'S OFHCa. »< mm i J I■■ I
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Concern over economic policy after US presidential election
      479 4 FT CONCERN ABOUT the outlook for US economic policy after Tuesday's presidential election is growing in the currency markets and is likely to be a topic of at least informal discussion at a meeting of central bankers in Basle. Further intervention by
      FT  -  479 words
    • Article
      Money markets
      64 4 THE OVERNIGHT rate on the Singapore money market closed unchanged at 5% per cent yesterday. One and two months were unchanged, while the three-month rate fell 1/16. S$ Interbank rates at the close yesterday: Off» WO rfghr 5 1/4 5 1/8 1-morrti 5 3/16 5 1/16 2-memh 5
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    • Article
      Government securities market
      115 4 Treasury bills Period issue Yesterday's dosing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****A 02.02.89 4.39 4.34 4.39 4.39 6 month* BY081OOZ 23.03.89 4.43 4.38 4.40 4.40 1 year BY*****S 20.07.89 4.48 4.43 4.44 4.44 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
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    • Article, Illustration
      World interest rates
      190 4 Indict— Km aviragi of the prime landing rates of 12 major banks In 3'poro Interbank market rates (offer/bid) on Nov 4 us$ DM SWFC Y«n 7 6ay% 7/16 5/16 12 1/16 11 15/16 4 7/1-3/4 4 1/8 4 4 3/8 1/4 1 mflh 3/8 1/4 12 11
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    • Article
      Options
      1465 4 CURRENCY FUTURES OPTIONS Friday, Nov 4, 1980 DEUTSCHE MARK (SIMEX) Ntv High Law gad Nw MM, M paM 52 rapt Bad S3 54 240 55 54 40A 40 57 408 60 Doc M crnm HWi Lo» Sal Om M^i I M paM Low Baa 53 l 53 4 54
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    • Article
      Forex markets
      1107 4 SINGAPORE: Yesterday's US dollar range: D-mark 1.7820/1.7778, yen 124.80/124.50, British pound 1.7795/1.7747 and Singapore dollar 1.9848/1.9800. The US dollar closed at Dmark 1.7800/ yen 124.55/ British pound 1.7760/ Singapore dollar 1.9830. Trading remained thin, as the markets were waiting for last night's US October Employment report. Median estimates
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    • Article
      Asian dollar market
      194 4 Asian dollar deposit rates ended unchanged against slightly lower opening levels in lacklustre trading yesterday. us$ OW€» MO 7 doyt 7/16 5/16 1 mu»di 7/16 5/16 2 mm OB 11/16 9/16 3 mm<» 11/16 9/16 6 north 5/9 1/2 9 wmOu 5/« 1/2 12 muialu 11/16 S
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    • Article
      Simex
      503 4 December Eurodollar futures opened five ticks higher on Simex yesterday than the previous close at 91.41 following a firmer dollar and rumours of a lower than expected nonfarm payroll figure. Trading remained locked within a very tight range of 91.42 to 91.40 in the December contract ahead of the
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    • Article
      IMM
      181 4 IMM currency futures closed mostly lower and near daily lows after a late sell-off that pushed contracts to the lows of the day in thin trade on Thursday. Traders linked selling to last minute liquidation and position squaring ahead of US employment data for October, due out yesterday. Some
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    • Article
      Comex gold/silver futures
      184 4 Gold hitum on Nov 2, 1988 100 troy ounces USS par trey oun ce OpM M* Lav Mto No. M 4)8 20 416.20 418 20 421 JO 10.20 Ok 415.30 425-30 4I3J0 424.20 -►10.30 ion *9 426J0 10J0 Fab 490-90 430.30 420.40 429.40 4-10J0 423.90 435.00 425.70
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  • BANKING AND FINANCE
    • Article
      Lock icon Hawke concedes bank collapse will hurt state government
      364 5 AFP AUSTRALIAN PRIME Minister Bob Hawke conceded yesterday that the collapse of Perth investment bank Rothwells Ltd would hurt the West Australian Labour government politically and financially. The company went into voluntary liquidation on Thursday with debts of up to ASSOO million.
      AFP  -  364 words
    • Article
      Lock icon Japanese investment in US Treasury securities at standstill
      446 5 Reuter JAPANESE INVESTMENT in US Treasury securities is at a standstill and little change is expected soon, regardless of the outcome of the US election. A lack of policy indications for the new administration and low yields have kept the Japanese at
      Reuter  -  446 words
    • Article
      Lock icon Early BNZ result intended to reduce market uncertainty
      279 5 Reuter THE BANK of New Zealand issued its half-yearly result two weeks earlier than originally planned in order to reduce the market s uncertainty about the bank, chief executive Bob McCay said on Thursday. "That's information the market should have." Mr McCay
      Reuter  -  279 words
    • Article
      More banks offering up-to-age-60 loans
      661 5  -  Trend in line with higher retirement age By SOH TIANG KENG, Financial Correspondent IN LINE with the trend towards a higher retirement age. more banks and finance houses are now allowing their customers up to the age of 60 to repay their housing loans, instead
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    • Article
      Lock icon Foreign currency accounts at Bank of China soar
      201 5 Reuter PERSONAL foreign currency accounts at the Bank of China have soared in spite of widespread suspicion their use could be restricted in times of crisis. The Economic Daily said that as of end-September, the bank had 1.3 million accounts holding US$l.Ol
      Reuter  -  201 words
  • COMMODITIES
    • Article
      Produce Prices
      249 5 Chinese Produce Exchange S#H«rs' noon dosing prices on Nov 4 (S$/100 kg) Coconut oil Butk FOB 116.00 Old drum FOB 126.00 New drum FOB 130.00 Copra Mixed (toot*) 68 Pepper «e)ler» U. mi, J. 'HUIIIUK wimV >OB NLW 595.00 Sarawak white FOB faq NLW 505.00 Sarawak special block
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    • Article
      London Markets
      296 5 London Commodity Exchange Buyer/Seller dosing prices on Nov 3, (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option OF London Nov 1069/1056 (1056/1058) High/Low 1074/1060 Jan 1093/1094 High/Low (1080/1081) 1095/1084 Sales (3101) Cocoa Dec 801/803 High/Low (804/805) 804/805 Mor 809/810 (811/812) High/Low 823/807
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    • Article
      KL Tin
      122 5 THE KLTM price rose another eight cents yesterday to end at M 519.62 a kg on continued overseas demand. Final turnovsr was 90 tonnes, down from 106 on Thursday. Oasplta a wider local premium against the European spot price of £45 a tonne after sterling's easiness against the
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    • Article
      Lock icon Crude Oil and Products
      161 5 Source: Telerate Prices for fuel oil were unchanged in the Singapore market. Sellers were still asking US$66 per tonne (fob Sing) for CST 180 buyers still indicated numbers USssl-2 per tonne below sellers' level. Market sentiment was flat and short-term outlook for prices was described as
      Source: Telerate  -  161 words
    • Article
      Palm Oil
      407 5 MALAYSIAN CRUDE PALM OIL FUTURES moved erratically yesterday before closing lower on late selling after India again bought Indonesian palm olein for Dec/Jan shipment. November closed Ms 6 lower at M 51.035 per tonne while January and February were down Ms 3 at M 51,065 and M 51.075
      407 words
    • Article
      Rubber
      288 5 SINGAPORE: Rubber prices yesterday rose further in the early afternoon on short-covering spurred by higher Japanese prices, but profit-tak-ing and long liquidation towards the close pared the gains slightly in quiet trading. Dec RSS One buyer was quoted at 204.00 cents a kg. up two cents from Thursday's close.
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    • Article
      Precious Metals
      227 5 HONGKONG: Gold closed lower in quiet trading yesterday. Bullion ended at U*****.00/50 an ounce. On the local market, gold fell close at HK53,923 a tael. The Krugerrand fell to HK53,270. The Maple Leaf and the Australian Nugget each shed HK$6 to close at HK53,385. TOKYO: Yen-denominated gold futures
      227 words
    • Article
      RAS and MRELB
      282 5 R AS prices In S cent«/kg, FOB in bah IS NOON CLOSE Buyers Sellers Buyers Sellers Wit 1 RSS Prompt 200.50 202.50N 201 JO 203.50N lot 1 RSS Dec 88 203.00 204.00N 204.00 205.00N Int 1 RSS Jon 206.00 207.00N 207.00 208.00N bf 2 RSS OP 199.50,
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    • Article
      SSR and SMR
      78 5 (cann/kg) RAS SS* 30 SS* SO MRELB Sm* cv SM* I SM* s sm» or SM* 10 SM* 30 SM* 50 DECEMBER 1988 (currant month) NOON »uy*r» 193.00 195.00N 191.00 193.00N luy*ri S*U*r> 306.00 308 00N 398.00 300.00N 366 50 368.50N 372 00N 353.50 355JON 350.50 353.50N
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      33 5 THE DRAKE OMEGA SYSTEM Predictive performance profiles "tilts the balance away from uncertainty." DRAKE Tel: *****14 THE RAKE MEGA r STEM Predictive performance profiles "tilts the balance towards greater certainty." DRAKE Tel: *****14
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  • PERSPECTIVE
    • Article
      A drugged argument
      500 6 MARTIN KOBIALKA is a professor of philosophy in India. It is not known whether he specialises in psychology and music, too. Professor Kobialka was reported this week to have told a drug seminar in Pune, western India, that rock music has a drug-like influence on listeners and
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    • Article
      Stock exchange reiterates stand
      433 6  -  letter to the Editor PETER CHIA PUBLIC AFFAIRS MANAGER STOCK EXCHANGE OF SINGAPORE LTD Dear Sir Your correspondent, "A Remisier", responded to our reply to his earlier letter, but raised no new arguments (BT Oct 29). Leaving aside his emotional accusations, his views are similar to
      433 words
    • Article, Illustration
      A capitalist's upstart Virgin
      1184 6  -  Britain's brashest and unlikeliest billionaire, and the free world's hippest capitalist, last month flew into Singapore for talks about flying his upstart Virgin Atlantic Airways here. MARTIN SOONG profiles Richard Branson and tells what he has up his sleeve. MARTIN SOONG VIRGIN TERRITORY is nothing new
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    • Article
      Lock icon Study fuels debate on breast X-rays
      847 6 Reuter A 10-YEAR Swedish study on the extent to which X-ray screening for early detection of breast cancer might save lives has fuelled controversy surrounding the issue in the medical world. The study showed no overall reduction in deaths among the 21.000 women offered
      Reuter  -  847 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      121 6 BT welcomes letters from readers. Your letters must include your signature, full name, address, and home l and office telephone > numbers, if any. You may add a pseudonym, if you wish. Address your letters to: The Editor, Business Times, 390, Kim Seng Road, Singapore 0923. HAIRY (i G OF
      121 words
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      Page 6 Advertisements Column 2
      49 6 A TASTE OF OUR MEDICINE 4 A MONTHLY MAGAZINE OF BUSINESS TRENDS A taste of our medicine Credit card craze The art of investing in local artists A Times Periodicals publication NOW AT NEWSSTANDS Very Important Pens Making it big Greatßritain Spotlight on Intraco, MBF Holdings $4 NOVEMBER 1988
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  • Page 6 Miscellaneous
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      378 7 "THANK GOODNESS the IPSLE is over," one woman I was overheard saying the [other day. "Why? Do you have a child in Primary 6?" I her friend asked. The first I woman replied: "No, I run a I chain of boutiques and busiIness has been awful.
      378 words
    • Article, Illustration
      Lock icon Patmos — a place for revelling or revelation
      924 7  - Patmos a place for revelling or revelation By LAWRENCE TAN IT IS NOW unarguably past sunset and the gulls have flown to whatever gale-blasted isle they fly to for the night. The steamer continues its relentless ripping of the Aegean Sea to form white shadows in the churning dark water.
      Photos by LAWRENCE TAN  -  924 words
    • Article, Illustration
      What on earth are you doing here?
      728 7  -  With JAIME LYE IT WAS a dark and stormy night. Besides being an effective prelude to a juicy Stephen Kingtype horror story, "It was a dark and stormy night" is also a convenient opening paragraph for writers who wish to be saved all
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    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        There's a 'doctor' in the house
        771 8  -  HEALTH By RICHARD SEAH ILLNESSES have a knack of erupting in the middle of the night. Anecdotal evidence stiongly suggests that people are most likely to throw up, have diarrhoea, suffer severe pains or become breathless whfn everybody else including the family doctor is
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      • Article, Illustration
        Choice pickings from around the world
        458 9 FOOD By THE FOOD TEAM IN THE Plaza Athenee Hotel in Paris, a hamburger will set you back some 130 French francs (about Ss4s). Until the end of today, a wonderful appetiser of smoked duck breast and goose liver on salad will cost you
        458 words
      • Article, Illustration
        Tea Upstairs please
        529 9  -  FINDS By MONICA GWEE YOU MAY BRING your sambal belachan with you Upstairs. Susan Amy and Janet Temporal, directors of the English Tea Room, won't object. "Singaporeans like their savouries spicy. We're offering traditional English tea-room fare, but if they want to bring their sambal along, that's
        529 words
      • Article
        It's good to lay them down young
        658 9  -  By By N K YONG THE WORLD is full of fascinating wines to lay down. Where does one start and how does one go about doing it? Basic rule number one: lay down only premium wines and do it well in advance. Storage
        658 words
      • Article, Illustration
        An Oriental joke comes of age
        746 10  -  SWITCHING With LAWRENCE TAN IN CASE it passed you by or you have a healthy disdain for late night soap, Chao-li Chi has finally been given starring credit in Falcon Crest. Chao-li who? No, Chao-li Chi. You know, the man servant, the one whose
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      • Article
        Eat and pump a little irony...
        704 11  -  MEN By LAWRENCE TAN IT HAS to be a myth that only women are subject to the tyranny of the perfect form. But before I go on, let me state that it is with foreboding that I provide this week's yakki-ty-yak for Lifestyle s
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      • Article, Illustration
        The delightful Gorge of Samaria
        1029 11  -  TRAVEL By JULIAN WETHERED AFTER FIVE YEARS in Singapore, we cushioned the direct SIN/LHR repatriation with four days in Crete, transferring in Athens for the 50-minute flight south to that mountainous island of Mediterranean antiquity From the Cretan heights you may see the lights of
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      • Article, Illustration
        Fragmented into a whole
        661 11  -  EXHIBITIONS By SANGEETA MULCHAND Fragmented Whole by Gilles Massot Nov 11-20 Delia Butcher Gallery (39-A Cuppage Terrace) 11am 7pm "I THINK it's the schizophrenic aspect in all of us," frowned Gilles Massot. He was sitting on the floor, cross-legged, nursing a can of 7-Up, and trying
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    • Executive Lifestyle: Entertainment & the Arts
      • Article, Illustration
        Sensitive, subtle and so suave
        849 12  -  PERSONALITIES By MONICA GWEE CHARM. They say the British cultivate it like orchids, something to do with the air or the hard tap water. Well, Philip Jeyaretnam young, handsome, brilliant and a successful writer is aware of his. It may or may not have anything
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      • Article, Illustration
        Pepsi tapping the teenage market
        549 12  -  MARKETING by Jaime Lye IT USED to be Michael Jackson or Tina Turner who would be singing the virtues of Pepsi-Cola via an electrified music video or something. Now the soft drink maker has got actor Michael J Fox doing the same thing in the
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      • Article
        BILLBOARD
        886 12  -  Compiled by Sakina Dhilawala CINEMA: Die Hard starring Bruce Willis, Alan Rickman, Alexander Godunov and Bonnie Bedelia. Showing at Cathay: 10.30; 1.15; 4; 6.45; 9.30. Plus midnight show today. Good Morning Vietnam starring Robin Williams. Showing at Orchard: 11; 1.30; 4; 6.30; 9.15. Monkey Shine* starring Jason Beghe and
        886 words
      • Article, Illustration
        Jokes without tears
        876 12  -  SELF-IMPROVEMENT By JAIME LYE SO YOU WANT to be funny. It's been your life's dream to be the life of the party, but the last time you stuck your head in the punch bowl, no one laughed. Why? It depends on where you are. Technically, sticking your
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      • Article
        Finals of Inter-Club League drawing near
        419 12  -  Bridge By Mike Thumba THE Inter-Club Bridge League has generated quite a bit of excitement. Some of the leading teams are already threatening to drop some players for future games if they fail to turn up for the remaining games. For most of the
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    • Executive Lifestyle: Personal Investment
      • Article
        Prechter turns bearish
        938 13  -  mm US STOCKS by RT ANOTHER leading technical analyst, Robert Prechter, has joined Bear City in saying that the post-crash rally in US stocks is running out of steam. "Longterm patterns and cycles strongly suggest a net decline in stock prices over the next two years, ultimately
        938 words
      • Article
        Investing in an insurance company
        667 13  -  INSURANCE By AMY BALAN HOW MUCH is your insurance company worth? Will it have sufficient liquid assets to meet claims and other liabilities as and when they arise? These are questions that both policyholders and shareholders would want to know. One way to find out
        667 words
      • Article, Illustration
        The American dollar: two views of a decline
        1008 13  -  INVESTMENT STRATEGIES By ROSIE TAN THESE DAYS, it may be possible to measure the level of investors' uncertainty with the Seminar Index. And judging from the unprecedented number of presentations given by visiting fund managers and financial experts over the past months,
        1,008 words
      • Article
        Daiwa leads in last lap of Investment Race
        220 13 COMPETITIONS ON THE LAST LAP of the Great Investment Race, Daiwa Singapore has overtaken Algemene Bank Nederland to take the top spot. Daiwa showed a hefty 13.8 percentage point improvement in its portfolio in the past week with a total score of
        220 words
      • Article, Illustration
        Lock icon Nat Iron may yet find the strength
        248 13  -  v v w v v (MM? PfpMi? Mr Leong Ying Yong Mr Leong Ying Yong, senior investment analyst, DBS Investment Research AMONG blue chips listed on the Stock Exchange of Singapore, National Iron A Steel Mills Ltd must be one of the best
        Source: Investamatic  -  248 words
    • Executive Lifestyle: Sports
      • Article, Illustration
        Allan's stable in top form
        572 14  -  Oh TMCk With JEROME FANDOR TOMORROW'S Queen Elizabeth II cup over 2000 m features two of Ivan Allan's top horses, Grand Illusion and St Gallen. With the Allan stable running into form, both have good chances of taking the cup. St Gallen showed up again
        572 words
      • Article
        Lock icon GOLF Cochran grabs early lead at Tucson Open
        250 14 Reuter CAPITALISING on ideal weather conditions, lefthander Russ Cochran grabbed a one-stroke lead after the first round of the US$6OO,OOO Tucson Open golf tournament on Thursday. Cochran turned in a seven-under-par 65 on the 7.010-yard TPC at Star Pass Course to lead
        Reuter  -  250 words
      • Article
        Lock icon Three for the Hall of Fame
        96 14 UPI TWO OF GOLF's greatest players and one of the game's first sportswriters and magazine editors will be inducted into the Golf Hall of Fame. The players are Tom Watson, 39. of the United States, and Peter Thomson, 59, of Australia. The writer is
        UPI  -  96 words
      • Article, Illustration
        Lock icon The shiniest stuff you can get
        606 14 UPI "HEY, JACK, he looks great." "He looks terrific, Jack." "Jack, he looks wonderful." Superstitions notwithstanding, trainer Jack van Berg had to agree with the trainers and owners who stopped to congratulate him as he stood by the backside rail at Churchill Downs this
        UPI  -  606 words
      • Article, Illustration
        All's well for Maruthiah
        519 14  -  By WALTON MORAIS AFTER SUCCUMBING to nerves on the first three days of his international debut. K Maruthiah put everything together on the final day to finish the Putra Cup in dream fashion last week. The 24-year-old knocked in monster putts for birdies on two of
        519 words
      • Article, Illustration
        Lock icon Lendl crashes out of EC championship
        466 14 TENNIS Agencies TOP-SEEDED Ivan Lend I, playing his first match following minor shouldar surgery, was routad 6-2, 6-2 on Thursday by Israel's Amos Mansdorf in their secondround match at the US$l million European Community Championship in Antwerp. In other second-round matches, John McEnroe outplayed
        Agencies  -  466 words
      • Article
        Lock icon New style tournament in Stuttgart
        218 14 Reuter WITH PROFESSIONAL tennis facing major changes in the coming two years, a new type of topclass event to be launched in West Germany next week which could show how the sport may look in the *****. lon Tiriac. manager of two-time Wimbledon champion Boris
        Reuter  -  218 words
      • Article
        Detroit suffers a severe blow
        257 14 RACING DETROIT, the hub of America's car industry and known as the Motor City, suffered a severe blow on Thursday with the news it had lost the right to play host to the United States' last remaining Formula One Grand Prix race. The decision by
        257 words
      • Article
        Lock icon Top officials in bid to avert split
        279 14 CRICKET AFP TOP OFFICIALS of the International Cricket Conference (ICC), the game's governing body, mei Asian representatives in Dhaka on Thursday to explore a solution to the South African issue that threatens to split the cricketing world. ICC President J J Warr and
        AFP  -  279 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      151 7 The delightful Gorge of Samaria, PAGE 11 As soon as you enter The Hour Glass CONNOISSEURS F O R COLLECTORS selves as connoisseurs. And our customers Timeless value from Rolex... and The Hour Glass. to examine our Rolex It manifests itself as fellow collectors. collection, yof nil ex- in the
      151 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      219 8 Where to entertain. Flavours of macau A Macanese-Portuguese Food Fiesta November 3-12 1 1 1 > I IV\ i 1 or i v Fascinating Macau where the contrasting kitchens of the East and West meet in Singapore. Our Macanese chefs are specialty flown in from picturesque Macau to give you
      219 words
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      Page 8 Advertisements Column 2
      135 8 B Simmering, Steamboat Buffet AT MING PALACE 7pm 10.30pm Select from: Fresh Big Sea Water Prawns Garoupa Meat Fish Balls Beef Chicken Cuttlfish Crab Liver variety of vegetables variety of noodles SSl5+ per adult Sslo+ per child under 12 u| 7 > y a* A l»UM0 rvOKT HCTCL 1 Tanglin
      135 words
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      Page 8 Advertisements Column 3
      162 8 FASHION coins SI NGAPORE'BB By SODA* at the Hyatt November sth: Bodynits/Chomel/Un Weng Kai November 6th Mims/HeShe/Amy Wang Hyatt Regency© Singapore venue: THE LOUNGE time: 4.30 pm. Organized by: SODA/TGMAS Make-Up: shu uemura Hair: 'J' Salon Models: Carrie's •Society of Designing Arts (Fashion) Enjoy a delightful selection of pastries, finger
      162 words
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      Page 8 Advertisements Column 4
      237 8 Sunday Family Affair SET LUNCH 4 PERSONS AT $4040++ Tom Yam Soup Spicy Seafood Combination Chicken on Hot Plate Theatre Noodles Thai Water Chestnut -6 PERSONS AT $90.00+ Braised Shark's Fin with Shredded Chicken Spicy Seafood Combination Chicken in Lemon Sauce Young Kai Lan Hongkong Noodles Chilled Sago with Honeydew
      237 words
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      Page 8 Advertisements Column 5
      252 8 It's the French Gastronomic Week! W Ooh la la! J The Hotel Plaza Athenee, Paris comes to The W Stables. Here you can uncover the romance and flavours of Paris brought to you by French Executive Chef Monsieur Claude Barnier. Be titillated by his delightful creations. And win a free
      252 words
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      Page 9 Advertisements Column 1
      201 9 .4 w 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 and cheeseboard All ready
      201 words
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      Page 9 Advertisements Column 2
      127 9 Treasure Hunt The hunt is still on for the Great Ballantine's Treasure Chests! Six Great Ballantine's Treasure Chests full of Ballantine's Scotch Whisky and six double Air Mauritius Kenyan Safari holidays are yours for the taking at six secret locations in Singapore! Come, meet Treasure Hunter, Dorian Ball who will
      127 words
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      Page 9 Advertisements Column 3
      534 9 The Great Treasure Hunt 7 Six Treasure Chests have been hidden on the island of Singapore Find any one of these and you'll win an Air Mauritius Kenyan Safari and a Treasure Chest full of Ballantina)t Scotch Whisky. ALPHONSO DE ALBUQUERQUE From now on you should slow you walk you're
      534 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      1419 10 SIOIS TO WATCH To the Lighthouse, the puzzle of sex mm Movies An emotionally disturbed young woman (Glenda Jackson) marries a man she does not love (Ken Howard) in a bid to forget the guilt and depression of her past in Strang* Interlude. Her new found peace is however shortlived
      1,419 words
    • Miscellaneous
      Page 10 Miscellaneous Column 2
      928 10 SATURDAY BBC •9.9 mHz in VHF Band II SAM Newshour. 7.00 World News 7.09 Commentary. 7.15 From the Weeklies. 7.30 Multitrack 3. 8.00 Newsdesk. 8.30 Personal View. 8.45 Recording of the Week. 9.00 News Summary followed by Outlook. 9.25 Financial News 9.30 Classical Record Review. 9.45 Book Choice. 9.50 New
      928 words
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      Page 11 Advertisements Column 1
      251 11 the stomach investment? Most executives are very good about taking care of their investments. Of the financial kind that is. But when it comes to their health, they fall short. Let's face it. When was the last time you really took care of your body? I mean really take care
      251 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      743 12 CRYPTIC PUZZLE ACROSS 9 Is he going in to find it's all over? (8) 10 Said "Look, water!" (3) 11 What one did with the suit (6) 12 Say no more but incarcerate (4, 2) 13 Followed the girl right back (7) 14 Getting the measure of a woman (4)
      743 words
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      83 13 BT welcomes investment ideas and viewpoints from readers. Address correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, Singapore 0923 SOTHEBY'S FOUNDED 1744 Important Jades, Jadeite Jewellery V&rks Of Art 17 November 1988 Hong Kong An Important Jadeite Bead Necklace Composed of 27 Highly Translucent Beads, Graduating
      83 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Receivers reopen tender for Hotel Meridien
      429 15  -  By MAGDALENE NG RECEIVERS Arthur Andersen Co (AA) has reopened a close tender for Hotel Meridien along Orchard Road almost one month after the firm was said to be in serious negotiation with potential buyers. Mr Sajjad A Akhtar of AA told BT yesterday
      429 words
    • Article
      Lock icon Charges against two former Carrian execs dropped
      191 15 AFP ""THE PROSECUTION has dropped and fraud charges against two former executives of "the now defunct Carrian business group. No reasons were given by the prosecution at the Hongkong's 3 Western court for its decision not to proceed with the charges against Bentley
      AFP  -  191 words
    • Article
      DIVIDENDS ANNOUNCED
      760 15 Current payment Ex date Books close Data payable Total tor the year Total for last year A Enterprises Amol Steal Asiatic Dev Austral Amal IMT Boo stead Cerebos FAI Ins Fuiitec 5% in 10% lb) 2% t» 13% 100% 6% 20%TE <0% 10% No* 2 Jan 6 Oct
      760 words
    • Article
      UIC subscribes for 36m shares in Raleigh
      109 15 UNITED INDUSTRIAL Corporation has coughed up M 536.67 million (5527.21 million) for the recently completed seven-for-two rights issue by Malaysian-based Raleigh Bhd. In a statement yesterday, UIC said its Hongkong subsidiary, UIC Offshore Trading Ltd. had subscribed for 36.67 million Msl shares in
      109 words
    • Article
      Lock icon United Engineers profits up sharply
      169 15 NST UNITED ENGINEERS (M) Bhd has turned in exceptionally good profits for the nine months ended Sep 30, 1988. Group pre-tax profit increased more than three times to M 532.82 million during the period compared with $7.7 million for the previous corresponding period. The higher
      NST  -  169 words
    • Article
      SingLand upbeat about property market
      515 15  -  By AMY BALAN SINGAPORE LAND Ltd has painted a rosy picture for all sectors of the property market. In particular, a diminishing stock of good quality office space is likely to lead to higher occupancy and rental rates in the commercial property sector, the group's
      515 words
    • Article, Illustration
      Relisting of Seaiion was unconditional: Choo Peng
      341 15 Insider Trading Trial SES PRESIDENT Lim Choo Peng told the court yesterday that the relisting of Seaiion Hotel's shares on Oct 13 was unconditionally granted by the exchange committee. Mr Lim was under re-exam-ination by the director of The Commercial Affairs Department, Deputy
      341 words
    • Article
      US$150m Asean Fund to start trading on the SES on Nov 17
      664 15  -  By ANDREA BORCH,JOCELYN TOH THE US$l5O million ASean Fund Ltd, lead managed by Nomura Securities Co Ltd, has been admitted to the official list of the Stock Exchange of Singapore under the first trading section, making it the
      664 words
    • Article
      Lock icon Jardines Strategic retains law firm to fight Bear's suit
      149 15 Reuter JARDINE STRATEGIC Holdings Ltd has retained US law firm Curtis Mallet-Prevost, Colt and Mosle to assist in defending a suit brought by Bear Stearns Companies Inc. Bear Stearns alleges Jardines wrongfully terminated a tender offer for 20 per cent of
      Reuter  -  149 words
    • Article
      Lock icon Bond sells its 14.9pc Stanchart stake worth £150m
      251 15 Reuter BOND CORP Holding# Ltd has sold its 14.9 per cent stake in Standard Chartered Pic at 475 pence per share. A spokesman for stockbroker Barclays de Zoete Wedd said it was placing the stake jointly with Cazenove and Co Ltd. but
      Reuter  -  251 words
    • SES
      • Article, Illustration
        Turnover slips as US election makes investors cautious
        754 16  -  by KEVIN GWEE TURNOVER on the local bourse slipped further as investors continued to adopt a wait-and-see attitude as the US presidential election approaches. Brokers said investors were unwilling to commit further funds into the Singapore market, especially with the uncertainty surrounding
        754 words
      • Article
        COMPANY MEETINGS
        117 16 SEA VIEW HOTEL LIMITED: AGM in Hotel Premises at Amber Close. Katong, on Saturday Nov 5, at 11.00 am. GLENEALY PLANTATIONS BERHAO: 29th AGM at Wisma Taiko, No.l, Jalan S.P. Seenivasagam, Ipoh, Perak on Monday Nov 14 at 2.15pm. HUME INDUSTRIES BERHAD: 29th AGM at the Conference Room,
        117 words
      • Article
        Unit trusts
        315 16 Managers' prices for Nov 5/7 Singapore Unit Trust The Commerce 097 103 The Savngs Fund 085 091 S'pore Prog fund 0 36 042 S'pore Sec Fund 0 64 0 69 S'pore Invest Fund 068 073 S'pore Equity Fund 0 49 0 53 Asia Unit Trust Mol Invest Fund
        315 words
      • Article
        APPROVED ISSUES
        42 16 Company RIGHTS ISSUE lum Chang On* 6%% loon stock with detectable TSI fo' every three ordinary shores told Ex-dote: Oct 31 Books closet Nov II Company BONUS ISSUE lum Chang One-for-three Ex-dote: Oct 31 Books dose: Nov II Company OTHERS
        42 words
      • Article
        PROPOSED ISSUES
        306 16 Company RIGHTS ISSUE C 1 Holdings 27 million loan stocks in the ratio of (3 loan stock for every five ordinary shores held D C Bank One-tor-two $075 per share Duta Cons One-for-one $1 10 per share F A C B One-<or-one $060 per share General Corp Issue
        306 words
      • Article
        SES SHARE INFORMATION
        5589 16 19M Tol High Low Code SESDAQ Company Last Sale NOV 04 OTGr*s Dlv Dlv C'*r Gr's Y'ld Not P/E Vol (000) Day High Low Last Quota Buyor Sailor M Cap tfflil 187 120 170 59 110 130 199* 144 92 135 126 122 114 t 4000 75
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    • KLSE
      • Article, Illustration
        Lock icon KL prices gain momentum
        2753 17 NST THE UPTREND gathered momentum and share prices gained further ground at the Kuala Lumpur stock market yesterday The improved buying saw scattered double-digit gains posted A broker said investors were showing more confidence now compared with the early part of the week. He attributed the
        NST  -  2,753 words
    • REGIONAL MARKETS
      • Article
        Lock icon French motor groups eye South Korea
        802 18 Renault holding talks with Dong-A Motor FT THE FRENCH motor industry has set its eyes on South Korea as a strategic springboard for its international expansion on both sides of the Pacific Ocean. Michelin, the French tyre group, and Valeo, the leading French car
        FT  -  802 words
      • Article, Illustration
        Lock icon New Mitsubishi Motors shares attract investors
        374 18 Reuter SECUP'TiES houses have recanted large buying orders lor a public offering of Mitsubishi Motors Corp (MMC) shares far exceeding the total offer planned tor Dec brokerage spokesmen said Mitsubishi Motors will issue 70 3 million new shares when It la listed on the
        Reuter  -  374 words
      • Article
        Lock icon Japan to help India make VCRs
        229 18 Reuter THREE JAPANESE companies will collaborate with Indian firms to make up to 900,000 video casette recorders (VCRs) a year in India. Department of Electronics Secretary KP P Nambiar explained that his department had approved ventures involving Sharp Corp, Sanyo Electric Co and Toshiba
        Reuter  -  229 words
      • Article
        Lock icon Taiwan's petrochemical industry enters new era
        458 18 AFP TAIWAN'S petrochemical industry is entering a new era with two multi-billion-dollar projects by Formosa Plastics Group helping the country to realise its ambition of being the "kingdom of petrochemicals". Formosa Plastics, the country's biggest conglomerate, obtained approval from the Industrial Development Bureau on
        AFP  -  458 words
      • Article
        Lock icon Local Property Co to be reorganised
        188 18 Reuter LOCAL PROPERTY Co Ltd, a unit of Hang Lung Development Co Ltd. will be reorganised into a new listed company. Grand Hotel Holdings Ltd. as part of a restructuring of Hang Lung and its two listed subsidiaries Amoy Properties Ltd and Local Property.
        Reuter  -  188 words
      • Article, Illustration
        Lock icon Stocks close easier
        587 18 Tokyo Reuter TOKYO SHARE prices finished down slightly yesterday after a roller coaster ride that saw them start on the high end. drop sharply in the afternoon, and recover most of their losses by the close, brokers said. "The afternoon session was initially so weak because of
        Reuter  -  587 words
      • Article, Illustration
        Shares end lower
        466 18 Australia THE AUSTRALIAN share market closed easier yesterday for the fourth consecutive trading day. Brokers said market sentiment was not "particularly negative'' but events such as the Rothwells failure had made investors cautious ahead of next week's US presidential elections. One broker said the gold sector disappointed
        466 words
      • Article, Illustration
        Prices little changed in dull trade
        1278 18 Hongkong HONGKONG SHARE prices ended barely changed yesterday in extremely thin trade as investors awaited the US presidential election next Tuesday. The Hang Seng Index rose 0.02 point to 2.584.51 and the Hong Kong Index 0.25 to 1,702.23. Turnover was a thin HKS639 34
        1,278 words
      • Article
        Lock icon Bangkok: Index up
        159 18 Reuter THE SECURITIES Exchange of Thailand Index rose 4.75 points to 411.40 yesterday on a turnover of 4,265,124 shares worth 310.36 million baht. NOV M BANT +b Ao Khar* Thai 326 12 Ayudhya Innaaliiiai 416 -ft Bangkok Aoro-lnd 106 1 Bank 283 -2 Bant 01 Ayudhya 364
        Reuter  -  159 words
      • Article
        Lock icon Taipei: Gains eroded
        419 18 Reuter LATE PROFIT-TAKING eroded most of the gains posted by the Taiwan stock market yesterday in early trade and left the index only moderately j higher than Thursday's close, dealers said. The weighted index rose 39.47 points, or 0.6 per cent, to end at 6.243 38 above
        Reuter  -  419 words
      • Article
        Lock icon Bombay: Sharp rise
        168 18 Reuter BOMBAY SHARE prices yesterday rose sharpty on the last trading day of the Bombay stock exchange's accounting year on speculative and investor demand. brokers said. They said comparatively low contango (carry-for-ward) charges for transactions in the three weeks ended Thursday helped bulls consolidate their positions after
        Reuter  -  168 words
      • Article
        Lock icon Seoul: Strong gains
        137 18 Reuter SEOUL SHARE prices surged across the board yesterday for the fourth consecutive session and brokers said they expected the market to remain firm for some time. Near the close, the composite index stood at 759.12, up 9.97 points. Turnover was 301.9 billion won against Thursdays close
        Reuter  -  137 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Blue chips sparkle
        744 19 New York Reuter WALL STREET blue chips on Thursday had their best performance in two weeks, lifted mainly by takeover rumours in several issues, brokers said. Strength in the bond market and the dollar also helped the rise, but the broader market remained lacklustre. "Once again, takeover-related
        Reuter  -  744 words
      • Article, Illustration
        Lock icon Equities retain firmer bias
        928 19 London Reuter LONDON SHARE PRICES retained their earlier firmer bias at the official opening yesterday. Although overall volume was light, there was some excitement on news that Bond Corp was placing its 14.9 per cent stake in Standard Chartered at 475p per share. Dealers said prices
        Reuter  -  928 words
      • Article
        Lock icon Rowland raises stake in Lonrho
        209 19 Reuter LONRHO BOSS Roland "Tiny' Rowland has raised his personal stake in the British conglomerate in what could be a defensive move against a possible takeover bid by Australian Alan Bond, share analysts said. Lonrho said Mr Rowland bought 4.2 million shares on Wednesday, increasing
        Reuter  -  209 words
      • Article, Illustration
        Lock icon Johnson raises offer for RJR Nabisco
        519 19 NYT INCREASING THE pressure in the largest takeover battle in Wall Street history, an investment group led by F Ross Johnson. RJR Nabisco's chief executive, has made a higher US$2O.9 billion offer for the food and tobacco group. The latest offer was announced on
        NYT  -  519 words
      • Article
        Lock icon Marks and Spencer scores a success
        342 19 FT MARKS and Spencer has achieved the most successful unit trust launch since the stock market s crash in October last year. It's Marks and Spencer investment portfolio, the first unit trust operated by a major retailing group, attracted £56 million from investors in
        FT  -  342 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1719 19 Reuter ZURICH Swiss shares closed steady on light volume yesterday. Dealers said investors were mostly sidelined ahead of next Tuesday's US presidential election. Yesterdays slightly higher dollar and the overnight gain on Wall Street had little visible effect. The all-share Swiss Index put on 0.2 point to
        Reuter  -  1,719 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      152 15 Financial Newsmakers APPOINTMENT REGIONAL DIRECTOR We are an overseas American Association looking after the interests and rights of major U.S. motion picture companies in over 60 countries throughout the world. We wish to appoint a Regional Director for Asia and the Pacific. The Regional Director will be based in Singapore
      152 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      27 15 rv/z CA//OA/&/WM& c& AA/ M~T/fifA7ZSA* r &&SKC.O. M7J/ TPf/£77/r /VflV r\ /COT -rS^%r S3i by Martell O^Acf r ££T<s tssru 77/ffAgc/ £/r /tzy/esr— t*/t/Ar/L££" 77/S/& r&e&6*/7^> 7Z/&S
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      453 19 REARDON SMITH SERVICES (FAR EAST) PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the Creditors and Members of the abovenamed company will be held at 7500 A Beach Road.
      453 words
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      Page 19 Advertisements Column 2
      455 19 GOH HWEE JIANG. IRENE lh CHAIRMAN Dated: 2nd November 1968 IN THE MATTER OF THE COMPANIES ACT, of (CHAPTER 50) AND IN THE MATTER OF THE MARKETING STAFF (PTE) LTD (Incorporated in the c< Republic of Singapore) (IN LIQUIDATION) < MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN that the creditors
      455 words
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      Page 19 Advertisements Column 3
      373 19 In the Matter of the Companies Act. Cap. 50 NOTICE OF RESOLUTION COMPUTER DISTRIBUTORS PTE LTD (In Creditors' Voluntary v Winding-up) At an Extraordinary General Meeting of the above Company duly convened and held at 4 Battery Road it 12-00, Bank of China Building, Singapore 0104 on the Ist day
      373 words
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  • Article, Illustration
    Record votes on Cambodia
    548 20  -  United Nations resolution implicitly criticises Khmer Rouge By JOHN THOMAS ASEAN's annual resolution on Cambodia, which was put before the United Nations this year with a revision to add an implicit criticism of the Khmer Rouge, passed yesterday with a record number of votes. The motion,
    548 words
  • Article
    Lock icon IMF to increase membership fees
    428 20 Bernama MEMBERS OF the International Monetary Fund are expected to raise their quota subscriptions or membership fees by 50 per cent to 100 per cent next year to strengthen the IMF's lending programmes to poor countries, according to a senior IMF official in Washington yesterday.
    Bernama  -  428 words
  • Article
    Lock icon About that Italian plane crash
    145 20 Reuter AN ITALIAN Cabinet minister was quoted yesterday as having said that he believed a Nato plane had shot down an airliner eight years ago, killing 81 people, and that he thought that it would have been possible to cover it up. Treasury minister Giuliano
    Reuter  -  145 words
  • Article
    Lock icon Japanese insider-trading scandal claims first victim
    237 20 AFP A JAPAN Socialist Party Member of Parliament announced his resignation yesterday over an insider-trading scandal, becoming the first politician to resign in the affair. Deputy Takumi Ueda said that he was resigning his Osaka seat because his former secretary had bought shares of
    AFP  -  237 words
  • Article
    Lock icon Britain accused of washing its hands of Hongkong
    131 20 AFP BRITAIN is neglecting to ensure that the population of Hongkong will be protected when the colony is handed over to China in 1997, a human rights delegation from Hongkong charged in Geneva on Thursday. The activists, who have come to the
    AFP  -  131 words
  • Article
    Lock icon Soviet Union needs free economic zones: don
    215 20 FT A SENIOR Soviet economist has made a strong plea for the creation of extensive free economic zones on the Chinese model in which foreign companies could set up enterprises free of many of the bureaucratic and tax rules which currently affect joint
    FT  -  215 words
  • Article
    Lock icon 'Eight states may have nuclear arms'
    89 20 Reuter AT LEAST eight countries may have developed nuclear weapons outside the scrutiny of the International Atomic Energy Agency, the Guardian said yesterday. Vietnam, North Korea and Colombia, none of which had safeguards agreements allowing the lAEA to inspect nuclear installations. had significant nuclear
    Reuter  -  89 words
  • Article
    OCBC staff to get 4pc service increment
    347 20  -  By SHOEB KAGDA BARGAINABLE employees of the Oversea-Chinese Banking Corporation group will receive a service increment of about 4 per cent in the first new collective agreement signed in the banking industry yesterday. The agreement between the OCBC group and the Singapore Bank
    347 words
  • Article
    Lock icon Seoul seeks a leading role
    161 20 Reuter SOUTH KOREA wants to play a leading role as the Pacific Rim region enters the forefront of international politics and trade in the 21st century, President Roh Tae-woo said in Kuala Lumpur yesterday. President Roh, accompanied by his foreign, trade and energy ministers, met
    Reuter  -  161 words
  • Article
    Taxi operators to meet over possible increases in diesel tax
    434 20  -  By WILLIAM CHIA TAXI OPERATORS plan to meet soon to discuss the widespread speculation that diesel taxes are to be increased, in two stages, to $6,600 a year. NTUC Comfort, Singapore's largest taxi fleet operator with 6,300 taxis, yesterday issued
    434 words
  • Article
    Lock icon Another minister urges joint flight
    116 20 Bernama ANOTHER SARAWAK state leader has urged Malaysia Airlines to start a joint service with Singapore Airlines between Kuching and the Republic. Sarawak's Minister for Environment and Tourism, Datuk Amar James Wong, said the two airlines could have the joint operation for a two-year trial
    Bernama  -  116 words
  • Article
    Lock icon Comex gold
    79 20 Reuter COMEX GOLD FUTURES softened on mixed selling early yesterday. following the dollar's early upturn on the stronger than expected US employment data for October. "With employment numbers out of the way, we'll probably see backing and filling action in gold into next Tuesday's US presidential election," said
    Reuter  -  79 words
  • LATE FILE
    • Article
      Lock icon Wong Kan Seng to visit Malaysia
      64 20 Bernama FOREIGN Minister Wong Kan Seng will visit Malaysia on Monday for the first time since his appointment in September. He will call on Malaysian Deputy Prime Minister Ghafar Baba and hold talks with his counterpart, Datuk Abu Hassan Omar. A Malaysian Foreign Ministry
      Bernama  -  64 words
    • Article
      Fiji's President in Singapore
      44 20 FIJI'S President,. Ratu Sir Penia Ganilau, arrived here from Malaysia yesterday. He will call on President Wee Kim Wee and visit the Jurong Town Corporation and the Housing and Development Board before leaving tonight, the Ministry of Foreign Affairs said.
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      Lock icon Applications to form branches
      44 20 Bernama NEW UMNO has received applications to form 1,000 more branches which, when approved, will bring the total to nearly 10.000, party secre-tary-general Datuk Mohamed Rahmat said yesterday. Umno had 8,668 branches before it was declared unlawful in February. Bernama
      Bernama  -  44 words
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      Lock icon President Chun to apologise
      44 20 Reuter FORMER South Korean President Chun Doo Hwan, the target of nationwide demonstrations and a death threat, yesterday promised to apologise for abuee of power during his rule, according to Yoon Giel-jung. chairman of the ruling Democratic Justice Party. Reuter
      Reuter  -  44 words
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      Lock icon Equal treatment promised
      59 20 Reuter CHINA, in a rare mention of its economic links with South Korea, yesterday promised it equal treatment with other investors. Top trade official Chu Baotai told 100 Chinese and Japanese businessmen that South Korean companies were welcome to invest in energy, transport and raw materials, and
      Reuter  -  59 words
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      114 20 Le MERIDIEN in conjunction with Alliance Franqaise presents I" 1 Hii* AURIOL- FAUCHET IN CONCERT Sunday, 6 November Margaux Ballroom, 9.30pm This French violin and piano duo demonstrate such perfect teamwork, good balance and technique that they seem, almost, to breathe the music together. The programme comprises Schubert Sonatine, Ravel
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      33 20 Tha alhrar raport was not available at praaa ttma. I St7flichael the quality brand known to the world Levels I 2 Centrepoint, Orchard Road, Singapore 0923 Tel: 734 1800 Open from 10 30
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