The Business Times, 20 May 1989

Total Pages: 20
1 20 The Business Times
  • 12 1 BUSINESS TIMES MCI (P) 45/12/88 Weekend Edition, May 20-21 1989 75 CENTS
    12 words
  • 342 1 THE GOVERNMENT is prepared to contribute an initial sum of $250,000 per year to Mendaki to help it set up a research and survey unit, Mr Goh Chok Tong said last night. Lamenting the dearth of information concerning the developmental problems of the Malay
    342 words
  • 253 1 Reuter PHILIPPINE President Corazon Aquino said yesterday that she was praying for the recovery of ousted dictator Ferdinand Marcos, in a coma in a Honolulu hospital. Mrs Aquino repeated her refusal to allow him to return home. She said she would not
    Reuter  -  253 words
  • 513 1 Agencies LARGE convoys of riotequipped soldiers moved towards central Beijing last night on alert to remove thousands of student protesters occupying the city's main square. Communist Party general secretary Zhao Ziyang was on the verge of stepping down for bucking the
    Agencies  -  513 words
  • 606 1  -  MALAY-MUSLIM CONGRESS By SHOEB KAGDA FIRST Deputy Prime Minister, Mr Goh Chok Tong, has suggested that it was time the responsibility for funding tertiary education for Malay-Muslim children be transferred to the community itself. Speaking yesterday at the opening of the Malay-Muslim Development
    606 words
  • 351 1  -  'Firm not responsible for leak' By GENEVIEVE CUA THE LISTING COMMITTEE of the Stock Exchange of Hongkong has decided to consider the listing of Gold Peak Industries, following investigations into a leak of price-sensitjve information to the press. < In a statement, the committee
    351 words
  • 157 1 THE PRICE of gold, pressured by a strong US dollar, plummeted to a 33-month low of about US$366 in early European trade yesterday before recovering to U*****.25 an ounce. In London, dealers said a firm dollar has pushed gold prices down,
    157 words
  • 48 1 Reuter WALL STREET stocks gained further, helped by a burst of program buying. The activity could be related to the expiration of options yesterday. Among the groups doing well were money centre banks and other interestrate sensitive issues. The Dow index rose 25 to 2495. Reuter
    Reuter  -  48 words
  • 49 1 AP LONDON share prices were higher at midday yesterday, unaffected by bearish but expected news at late morning that Britain's annual inflation rate moved up to 8 per cent. At about 1115 GMT, the FTSE 100-share index was up 12.7 points, or 0.6 per cent, at 2,190.0. AP
    AP  -  49 words
  • 72 1 •innfc In ril n inQICVv Mdoy HK Hang Sang In6«x 3145.63 (-132.0) Tokyo Nfckof Avorogo *****.9i 144.65) A N I a ojonmy 1562.4 (+1.4) Thuodoy Now Vortc (Dow Jones) 2470.12 7.69) London (FT 30 Indox) 1810.1 17.9) Gold prtoee London (Aftomoon fl* US$345 JO (-4.50 Prime landtag
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  • 185 1 THE HONGKONG stock market took a nasty beating yesterday amid worsening political turmoil in China. The Hang Seng Index plunged a colossal 132.03 points to 3,145.63 in what some stockbrokers described as "a bloodbath". The four per cent-plunge saw turnover swelling to HK$2.5
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  • Page 1 Advertisements
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    • 8 1 Regional Mkta, PAGE 8 World Mkts, PAGE 9
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  • ASIA-PACIFIC
    • 489 2 Reuter CORPORATE JAPAN is growing impatient with the ruling Liberal Democratic Party's failure to dispel the political uncertainty generated by the Recruit shares-for-favours scandal. Few fear that the scandal, which last month forced Prime Minister Noboru Takeshita to announce his intention to resign,
      Reuter  -  489 words
    • 147 2 Reuter JAPANESE Prime Minister Noboru Takeshita told a government meeting that price rises after the introduction of a consumption tax on April 1 were moderate and within expected ranges, Finance Ministry officials said. Mr Takeshita also said the new three per cent tax has generally been
      Reuter  -  147 words
    • 762 2 ARRIVALS Operator Service Local From number time SIA SQ191 1200 PEN GIA GA900 1210 PKU SIA SQ069 1210 BKK THA TG407 1225 BKK/HDY AAAS MH641 1230 KCH MAS MH642 1240 KUL SIA SQ001 1250 SFO/HNL/HKG SIA SQI07 1305 KUL SIA SQ153 1315 CGK SIA SQ031 1400 CDG/ZRH
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    • 199 2 AFP SOUTH KOREA has agreed to reduce barriers to foreign trade and investment, US Trade Representative Carta Hills said on Thursday. "Korea's market-opening measures will bring real and substantial benefits to American and other exporters and investors.'' Mrs Hills said in a statement
      AFP  -  199 words
    • 301 2 AP TO SUCCEED in the approaching "Pacific Century", American businesses should rely less on trade legislation and more on personal presence and cultivation of Asian markets, says a member of Thailand's cabinet. Korn Dabbaransi, minister in the prime minister's office with responsibility
      AP  -  301 words
    • 339 2 AFP BURMA may be able to smash communist insurgent bases within a year as one of the world's oldest rebellions is crippled by internal dissent, a leading political figure said in Rangoon. Mr Aung Gyi. a former number two under General Ne Win who
      AFP  -  339 words
    • 223 2 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday reminded overseas Malaysian students to concentrate on achieving excellence in their studies and not deviate from this objective. The Malaysian government and their parents have spent a lot to send them for studies abroad
      Bernama  -  223 words
    • 171 2 Bernama THE Penang and Province Wellesly Textile and Garment Manufacturers Workers Union has withdrawn its motion of no confidence against veteran trade unionist P P Narayanan and to remove him as MTUC life president. The union made the decision on Thursday after it was
      Bernama  -  171 words
    • 496 2 Reuter HONGKONG'S booming economy is heading for a welcome slowdown although a hard landing will be cushioned by the firmer tone of the US dollar, Hongkong and Shanghai Banking Corporation (HSBC) chairman William Purves said. In a interview at the bank's headquarters overlooking
      Reuter  -  496 words
    • 1410 2 AT CONVENTIONAL WHARVES SSSS Oy-npo I2A/89 P2C 2005, 0700 21 OS/ 0600 Vaaaai Voy No Barth Arrival Departure Thonoptw 003 P3w 200s. 1330 200s/ 23S» T'onsbu* 7 89 P2B 2005, 0700 200S, 2300 Keppei Wharves Sembawang Bowa 1968 KI6 oongs.de 1906/ 1630 Ebol.no 15,05 S07 o oogvoe
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  • Page 2 Advertisements
    • 36 2 CjII your Travel Agent or Air Cjnuh a17J*****. A BREATH OF FRESH AIR The business person's choice every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving Heathrow early the following morning.
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  • Page 2 Miscellaneous
    • 67 2 Doonesbury WON 7 IT BE EXOTIN6 TO SEE MR. F3A6AN BACK s UP ON THE StIMER SCPEEN, rd.P.* YEAH, I GUESS... Sgjfj *j| IP i i m B m m BY GARRY TRUDEAU HIS IMAGE HAS CHANGED. UJHEN PEOPLE THINK OF HIM NOW, THBY THINK OF AN OU? GUY IN
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  • REST OF THE WORLD
    • 410 3 AFP BRITISH Labour opposition leader Neil Kinnock on Thursday unveiled his party's new manifesto which now rejects the principle of unilateral nuclear disarmament. The 88-page document, entitled: "Meet the challenge, make the change", follows a two-year debate within the party over defence, a key
      AFP  -  410 words
    • 163 3 AFP NORWEGIAN Prime Minister Gro Harlem Brundtland said on Thursday that she did not anticipate any Norwegian request soon for membership in the European Community (EC). She said her country's elections next September should not change much in that connection. Speaking
      AFP  -  163 words
    • 450 3 Economists rule out dramatic inflation slowdown Reuter ALTHOUGH US consumer prices took their biggest leap in more than two years last month, the worst of the current inflationary wave may be over, economists said. Driven by a record surge in energy costs, the Consumer Price
      Reuter  -  450 words
    • 442 3 UPI THE US SENATE gave final congressional approval on Thursday to a U551,165 trillion fiscal 1990 budget plan that cuts defence spending and increases domestic programmes under an agreement with President George Bush. The 63-37 vote followed by a day
      UPI  -  442 words
    • 414 3 UPI AN OZONE protection bill with a 1993 deadline for radical changes in car air conditioning systems was introduced in the US Senate on Thursday amid industry predictions the measure would require tradeoffs and demand a "heroic effort." The "Stratospheric Ozone Layer
      UPI  -  414 words
    • 429 3 Reuter FRENCH PRESIDENT Francois Mitterrand may seek a compromise in a row between Washington and Bonn over short-range nuclear weapons when he meets US President George Bush in Maine today. Mr Mitterrand left Paris yesterday for talks in Canada with Prime Minister Brian Mulroney
      Reuter  -  429 words
  • Page 3 Advertisements
    • 174 3 Bleu, blanc, boite orange. HERMES PARIS fC Vi V, ve j ■ta H'a > ;V V v ;M a "iJA r' i \s Will.; >• 1 RW B K* M 1 Ls-fAnifj > -X 9 8 r« l x 'V v*V V A 1 y, Chaussons "Marianne veau velours brode.
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  • FOCUS
    • 711 4 So they've kissed and made up what next? SOVIET President Mikhail Gorbachev's visit to China marked an end to a 30-year saga of bitter hostility between the world's two leading communist powers. The visit was made, however, against a backdrop of unprecedented mass Chinese unrest. FOCUS examines the summit's implications
      IHT  -  711 words
    • 572 4 NYT THE MOST IMMEDIATE tangible result promised in Moscow on Thursday from Mikhail Gorbachev's China visit was Peking duck and a dozen other dishes. The arrival of 29 Chinese chefs is being expedited because of the summit meeting, according to officials working on the refurbishing of
      NYT  -  572 words
    • 569 4 NYT XIE WANJUN is a gawky. 21-year-old agriculture student who is so disarmingly meek and boyish that it is not easy to imagine him as part of the brigade of young people who, in the last few days, have handed the Chinese government a crushing
      NYT  -  569 words
    • 473 4 Reuter THE PARLIAMENTS of Soviet Estonia and Lithuania have declared their republics' economic independence from the Kremlin in a move likely to put them on a collision course with Moscow. The moves came at parliamentary sessions late on Thursday as Kremlin leader Mikhail
      Reuter  -  473 words
  • Page 4 Advertisements
    • 107 4 FOR IMPORTERS AND EXPORTERS. SHIPPING TIMES covers all aspects of local and international shipping (except, of course, the really technical aspects). The emphasis is on news that is likely to affect the Business Times reader. Covering the latest trends in the shipping markets, we also carry up-to-date news of what's
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  • Page 4 Miscellaneous
    • 224 4 City Max/ Not* Mm (°C> Adelaide unav Amsterdam 21/10 Clear Athens 27/16 Ck>ody Bahrain 36/25 Clear Bangkok 34/25 Sunny Barbados 30/25 Clear Beijing 24/12 Clear Beirut 28/20 Sunny Belgrade 22/12 Clear Berlin 25/11 Clear Bermuda 26/23 Cloudy Bonn 23/28 Sunny Brisbane unav Brussels 28/11 Clear Budapest 25/13 Clear Buenos Aires
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  • BANKING AND FINANCE
    • 245 5 Bernama THE ASIAN DEVELOPMENT Bank has approved a U5599,000 (M 5267,300) small-scale technical assistance grant to Malaysia to update a feasibility study and design of a project to develop the Semerak river basin in Kelantan. ADB said in a statement yesterday
      Bernama  -  245 words
    • 583 5 Reuter THE FOREIGN EXCHANGE market may drive the Australian dollar as low as US$O.7OOO in coming months as the focus switches to fundamentals from high domestic interest rates, analysts contacted by Reuters said. "The continued run of poor current account numbers is casting
      Reuter  -  583 words
    • 953 5 Firms' investment binge provides fillip The Economist QUIETLY, while Japanese banks and brokerage firms have been snarling at each other over who gets what when they are allowed into each other's business, officials have thrown a tasty bone to a new breed of non-bank financial institution
      The Economist  -  953 words
    • 412 5 The Economist HOW DOES a Japanese firm that finances the purchase of grimy industrial equipment become a household name? It fills a suitcase with cash and buys a baseball team. Orix Corporation, the largest Japanese leasing company with total assets in excess of
      The Economist  -  412 words
    • 244 5 Reuter THE COMMONWEALTH Bank of Australia said it will raise its prime overdraft reference rate to 19.25 per cent from 18.75, effective May 22. The state-owned bank said it will also raise its loan reference rate for large corporate
      Reuter  -  244 words
    • 527 5 AFP PRESIDENT George Bush's new strategy to slash the huge US trade deficit and political turmoil in Japan are the driving forces behind the greenback's recent surge against the yen, analysts and dealers say. The immediate reason for the US dollar's sharp
      AFP  -  527 words
    • 533 5 Reuter AUSTRALIA'S central bank increased interest rates on Thursday for the fourth consecutive week as the local dollar nosedived below 76 US cents, its lowest level in over a year. The Reserve Bank in Sydney raised its rediscount rate from 17.0
      Reuter  -  533 words
    • 420 5 IMM CURRENCY futures closed mixed and near the middle of daily ranges on Thursday after a very choppy session that resulted when central banks teamed up in an attempt to halt the dollar's rise. Futures opened on a weak note from the dollar's rise in Europe after the Bundesbank
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    • 725 5 JAKARTA: The US dollar was fixed at 1764/1770 yesterday. HONGKONG: The Hongkong dollar weakened sharply yesterday on growing concern over student unrest in China. The local dollar fell nearly 100 points to 7.7890/10 to a US dollar from 7.7785/95 on Thursday on selling out of London, dealers said.
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  • COMMODITIES
    • 387 6 Bernama THE MALAYSIAN-THAI Joint Development Authority (JDA) will begin operations to exploit oil and natural gas in their overlapping territorial waters by the end of the year, Malaysian Foreign Minister Oatuk Abu Hassan Omar said yesterday. He said this was
      Bernama  -  387 words
    • 280 6 Bernama THE PERAK government is still awaiting approval from the cabinet to implement its proposal to impose royalty on tin in the state from June 1. Mentri Besar Datuk Seri Ramli Ngah Talib said the state government hoped to
      Bernama  -  280 words
    • 737 6 Reuter OPEC IS FACING fresh problems in its attempts to keep world oil prices at the higher levels to which they have rebounded this year. Its oil ministers meet in Vienna in two weeks' time to set supply quotas for
      Reuter  -  737 words
    • 226 6 Reuter CHICAGO Board Trade soybean futures held their gains throughout the session on Thursday and rallied into the close, extending the advance, traders said. They said the late runup came on moderate volume after a day of local short covering. Firmness stemmed from the intermittent nature of rains over
      Reuter  -  226 words
    • 207 6 Reuter CHICAGO Board of Trade soft red winter wheat futures prices closed mixed on Thursday after a calm session. The National Weather Service six- to 10-day forecast bore friendly news little or no rain in western US growing areas offsetting the bearish precipitation that occurred in Kansas, traders said.
      Reuter  -  207 words
    • 151 6 Reuter INTERNATIONAL Coffee Organisation (ICO) executive director Alexander Beltrao said he has not heard of any move to postpone coffee accord talks set for June 5. "Nothing has been requested, nothing has been put forward." he said. He was asked to comment on market
      Reuter  -  151 words
    • 93 6 Reuter THE UK gold jewellery market is booming, with the outlook for 1989 extremely healthy, according to a report prepared by the Geneva-based World Gold Council, released on Thursday. "Given stable gold prices, a healthy economy and the current optimism from retail jewellers, all the signs are
      Reuter  -  93 words
    • 253 6 AFP INDIA'S crude oil production hit a record 29.64 million tonnes in the fiscal year ending March, the state-owned Oil and Natural Gas Commission (ONGC) said, describing it a year of remarkable growth. ONGC chairman S P Wahi said in Calcutta on Thursday that
      AFP  -  253 words
    • 435 6 Leaders outline existing surveillance procedures AP LEADERS of the United States' four largest commodity futures exchanges told the Senate on Wednesday they were opposed to any new legislation regulating their industry. "We recognise, that in recent months some have questioned our integrity and expressed
      AP  -  435 words
    • 492 6 UPI US OIL imports surged by 15.2 per cent to 8.03 million barrels a day in April from year-earlier levels and exceeded the nation s lagging crude production, the American Petroleum Institute has reported. The US is the
      UPI  -  492 words
    • 246 6 Reuter RENEWAL OF the current accord governing the world coffee market hinges largely on Brazil. Costa Rican Foreign Trade Minister Luis Diego Escalante has said. "If Brazil doesn't change its attitude, there will be no new accord," emphasised Mr Escalante, who
      Reuter  -  246 words
    • 89 6 Reuter OUTPUT of crude steel in non-Communist countries fell slightly in April from March but continued to rise from last year's level, the International Iron and Steel Institute said yesterday. Output in the 33 non-Commu-nist countries which report to the institute, accounting for 61 per cent
      Reuter  -  89 words
    • 268 6 AFP MINE PRODUCTION of both lead and zinc declined sharply in the first quarter of 1989 compared with the same period of last year, the latest statistics released on Thursday by the International Lead and Zinc Study Group showed. Mine production of lead fell by
      AFP  -  268 words
    • 288 6 HONGKONG: GOLD closed easier in moderate trading yesterday on selling by European traders and follow-through selling by local investors. The unrest in China did not seem to affect sentiment and the metal found support around US$366 but is expected ease slightly to trade around US$365 in New York.
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    • 76 6 Reuter TOKYO: Rubber futures closed narrowly mixed yesterday with prices ranging from 0.4 yen per kg down to 0.3 yen in thin trading, dealers said. Prices fluctuated in tight ranges all day in the absence of incentives, they said Technical adjustments featured as the main activity, they added. Tokyo
      Reuter  -  76 words
    • 257 6 London Commodity Exchange Buyer/Seller dosing prices on May 18 (£/tonn« unless specified). Previous closing prices in parenthesis. Coffee Basis In-store London, sellers option CIF London May 1420/1475 (1420/1450) High/Low 1420/1315 July 1222/1225 (1182/1185) High/Low 1235/1187 Sales (4959) Cocoa May 695/699 (690/691) High/Low 700/684 My 713/714 (705/706) High/Low 716/698
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  • COMPANIES & STOCK MARKETS
    • 534 7 mm*** By HOCK LOCK SIEW THE Ranks Hovis McDougallGoodman Fielder Wattie saga is entering a new dimension. First GFW bid for Ranks and failed but kept a near 30 per cent stake in the target company. This was a year
      By HOCK LOCK SIEW  -  534 words
    • 573 7  -  By WILLIAM CHIA DEBT-STRICKEN Peak Hua Industries (PHI) is proposing a major three-stage restructuring scheme which will involve a reduction of its share capital and a rights issue to raise working capital. "With implementation of the scheme, the Peak Hua group will be in
      573 words
    • 244 7 Reuer MALAYSIA AIRLINES (MAS) is considering a restructure of its Ms3so million share capital to help finance a Mss billion fleet expansion programme, managing director Abdul Aziz Abdul Rahman said. "We are looking into various ways to raise funds and like any other public company we
      Reuer  -  244 words
    • 122 7 CHEMICAL INDUSTRIES (Far East) Ltd: Group profit after tax and minorities of $5.91 m ($3 72m) on turnover of $19.55 m (sl4m) for the year ended March 31, 1989. EPS is 33 cents (21 cents), both adjusted for an earlier bonus issue. NT A per share is $2
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    • 508 7 Kamunting share placement MALAYSIAN PLANTATIONS and major shareholders of Kamunting Corporation Bhd believed to include Seri Angkasa are expected to take up the entire block of 296 million new Kamunting shares to be placed out. This means that the Lim family
      508 words
    • 508 7 NST MALAYAN UNITED Industries (MUI) chairman Tan Sri Khoo Kay Peng has been reducing his personal shareholding in the company in line with his corporate philosophy of bringing in more corporate shareholders to expand its base. "All these
      NST  -  508 words
    • 113 7 BERJAYA CORPORATION Bhd's proposed purchases of a 32.8 per cent stake in Sports Toto Malaysia Bhd for M 5132.85 million in cash or M 513.50 per share and a 17 per cent stake in Sistem Televisyen Malaysia Bhd for M 539.75 million
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    • 333 7 NST THE PROPOSED flotation of MUI Bank, which was stalled last year, is not expected to take place for at least another three to five years. Malayan United Industries' (MUI) executive director (management) Mr Khet Kok Yin said: "We
      NST  -  333 words
    • REGIONAL MARKETS
      • 589 8 Disclosure comes after an earlier denial Reuter ALAN BOND is to give up control of his worldwide brewing business in a As 3 5 billion (US$2.7 billion) deal to trim his company's debt. Bond Corporation and its 58 per cent-owned subsidiary Bell Resources yesterday proposed
        Reuter  -  589 words
      • 343 8 Reuter JAPANESE car maker Mazda Motor Corp is holding talks with its American partner. Ford Motor Co, on a joint venture in Europe, Mazda's US president has said. The official, Mr Osamu Nobuto, said in an interview the carmaker hopes to reach
        Reuter  -  343 words
      • 342 8 AFP ENTREPRENEUR Robert Holmes a Court has become one of Australia's largest land owners after he took control of Sherwin Pastoral Co Ltd on Thursday. Mr Jonathon Elbery, general manager of the Holmes a Court family company Heytesbury Holdings, said
        AFP  -  342 words
      • 290 8 AFP JAPANESE consortium Electronic Industrial Enterprises International Corp (EIE) has bought a 5 per cent stake in Fiji's international carrier Air Pacific, a senior company official has said. Andrew Thomson, ElE's chief executive in Fiji, said the airline could easily
        AFP  -  290 words
      • 131 8 AFP AIR NEW ZEALAND Ltd and American carrier Midway Airlines are discussing a commercial agreement and ongoing marketing relationship. the New Zealand airline has said. Mr Jim Scott. Air New Zealand's chief executive, said an agreement with Midway could boost traffic on his
        AFP  -  131 words
      • 167 8 Reuter SAN MIGUEL Corp, the Philippines' largest food and beverage conglomerate, expects sales revenue to increase three-fold by 1992 from its 1987 figure of 16 billion pesos, the company's chairman has said. Mr Andres Soriano told the National Conference of Employers in a speech
        Reuter  -  167 words
      • 630 8 Tokyo Reuter TOKYO share prices closed moderately higher in light trade yesterday. Most investors were unwilling to move ahead of the weekend and were concerned about a Bank of Japan discount rate rise given the weaker yen and the release of Japan's April wholesale prices at 0800 GMT
        Reuter  -  630 words
      • Article, Illustration
        515 8 Australia Reuter SHARP price increases in Bond group companies left the main Australian share market index barely changed by the close of floor trading yesterday. The Bell Group rose 19 cents to 79 cents and Bond Corp and Bell Resources each gained 15 to A 51.35 and A
        Reuter  -  515 words
      • 1318 8 Hongkong SHARE PRICES <n the Hongkong exciange plunged yesterday a3 investors rushed 6 sell holdings out of tar that the student moverent in Beijing would devejp into a nationwide plitical storm, traders said The blue-chip Hang Seng Index posted ts biggest one-day loss of the year, falling
        1,318 words
      • 197 8 Reuter SEOUL STOCKS ros over a broad front yeslrday. helped by solid bying from institutional inustors who had recently tept a low profile, brokersiaid. The composite index firmed 6.78 points, rfosing at 933 69. Turnover was all low at 183.9 billion w<n but was above Thursday's of
        Reuter  -  197 words
      • 194 8 THE NEW ZEALAN) share market ended lowsr after traders who bid G»odman Fielder Wattie sh.res up strongly in the norning session changei their minds. Goodman clcsed at NZ$3 08, well do»n from NZ$3 25 in the norning but above Thirsday's NZ$3 06 close. It was announced
        194 words
      • 442 8 Reuter THE TAIWANESE stock index surged to new peaks yesterday during a day of volatile trading before settling to close slightly under last year's all-time record close, dealers said The weighted index gained 51.16 points to finish at 8,738.67 against Thursday's 8,687.51 finish and a high of
        Reuter  -  442 words
    • WORLD MARKETS
      • 733 9 New York Reuter WALL STREET stocks ended with slight gains on Thursday, as an earlier advance inspired by a weaker-than-ex-pected rise in core consumer prices failed to follow through. The latest inflation data, excluding food and energy items, suggest that the US economy is cooling.
        Reuter  -  733 words
      • 979 9 London Reuter LONDON SHARES rallied at the opening yesterday to stand mostly firmer. Dealers said buying for the new account helped offset downward pressure caused by inflation worries. The market started nervously following an unsourced BBC television report on Thursday night saying that UK retail price
        Reuter  -  979 words
      • 667 9 Company will take full responsibility for clean-up Reuter EXXON CORP chairman Lawrence Rawl, faced at the oil giant's annual meeting on Thursday with sceptical shareholders and protesters calling Exxon a corporate criminal, has rejected demands that he resign over his handling of the
        Reuter  -  667 words
      • 456 9 Reuter BRITISH-BASED mining and trading conglomerate Lonrho on Thursday lost the final round of a court battle aimed at wresting London's luxury department store Harrods from the Egyptian Fayed brothers. The House of Lords. Britain's highest court of appeal, blocked Lonrho's
        Reuter  -  456 words
      • 235 9 AP DAVID S RUDER is resigning as chairman of the US Securities and Exchange Commission to return to the faculty of the Northwestern University School of Law, the agency has announced. In a letter to President George Bush this week, Mr Ruder said he
        AP  -  235 words
      • 312 9 Reuter SWEDISH CAR and truck maker AB Volvo raised first quarter profits by nearly 50 per cent over a strike-depleted period last year but the figure was still below analysts' forecasts. Profits were about two billion crowns (US$3O2 million), compared with 1.36 billion
        Reuter  -  312 words
      • 989 9 Reuter ZURICH: Swiss share prices closed steady to higher on increased turnover yesterday with selected leading stocks gaining ground, boosted by recent bullish corporate news and a decline of short-term Eurofranc deposit rates, dealers said. The all-share Swiss index rose three points to 1,006,9, while the blue
        Reuter  -  989 words
    • 617 10 Uruguay Round can serve its aims, says Gatt chief Reuter, UPI THE CHIEF of the Gatt world trade body said the US could achieve its goal of lowering foreign trade barriers without resorting to a new law that threatens retaliation. Arthur Dunkel,
      Reuter,; UPI  -  617 words
    • 649 10  -  BG LEE'S VISIT TO THE US By Jl JEFFREY TSANG TRADE and Industry Minister Lee Hsien Loong's visit to the US has stirred great interest among Singaporeans abroad, judging from the turnout at a meet-the-students session on Thursday. Some 60 Singapore students studying in the
      649 words
    • 319 10 A TEN-MEMBER investment mission led by the Construction Industry Development Board (CIDB) is to visit Taiwan next week to tap opportunities in the Taiwanese construction market. The group comprising developers, contractors and other specialist companies will be headed by CIDB chairman. Dr Cham Tao Soon.
      319 words
    • 269 10 AP Reuter JAPAN'S scandal-shaken ruling party yesterday adopted a political reform plan in an attempt to salvage its declining public support. The plan, propoeed to Prime Minister Noboru Takeshita on Thursday by the Political Reform Committee of the Liberal Democratic Party, reducee some limits on
      AP; Reuter  -  269 words
    • 209 10 AP THE ACCOUNTING firms Arthur Young and Co and Ernst and Whinney have agreed to merge to create the world's largest accounting agency, the companies announced yesterday. In a statement issued in London, Arthur Young International and Ernst and Whinney International
      AP  -  209 words
    • 104 10 THE Meteorological Service will be getting a new weather satellite receiving station to improve the accuracy of its weather forecasts. According to the Singapore Broadcasting Corporation, the station is part of a government allocation of $1.2 million and will enable the service to get data
      104 words
    • 89 10 Reuter COM EX GOLD FUTURES added to this week's string of losses as early selling yesterday nudged the market closer to the next line of technical support. June gold was down US$2.6O at U*****.70 an ounce, coasting just on top of support at U*****.00/U*****.50. Analysts said the market
      Reuter  -  89 words
    • 303 10 MALAY-MUSLIM CONGRESS THE OPPORTUNITY for the upgrading of the MalayMuslim community should be consciously exploited to enable it to face the challenges ahead, said Sidek Saniff last night at the opening of the Malay-Mue-lim Development Congress. Mr Sidek, the chairman of the organising committee for the
      303 words
    • 182 10 RELIGIOUS GROUPS preaching in schools and tertiary institutions should take extra care not to arouse hostility or ill-will among different religions. This call was made by the Second Deputy Prime Minister, and MP for Kim Keat. Mr Ong Teng Cheong, at a Vesak
      182 words
    • 238 10 THE LATEST ROUND of Singapore-UK air talks which stretched past a four-day schedule finally adjourned late Thursday night, with both sides reaching a "considerable measure of agreement", said the British High Commission yesterday. In a short, vaguelyworded statement, the High Commission hinted that
      238 words
    • LATE FILE
      • 46 10 Bernama MALAYSIAN Labour Minister Lee Kim Sai said yesterday the possibility of forming another national organisation for trade unions in Malaysia should not be ruled out if the Malaysian Trades Union Congress (MTUC) failed to function effectively as a workers' body. Bernama
        Bernama  -  46 words
      • 58 10 Bernama MALAYSIA Airlines (MAS) will go ahead with its proposed acquisition of six Boeing 747-400 "jumbo" jetliners despite recent threats by the European Civil Aviation Authority to withdraw the aircraft's certificate of airworthiness. MAS managing director, Tan Sri Abdul Aziz Abdul Rahman, said yesterday that the
        Bernama  -  58 words
      • 34 10 AFP LEE HUAN, the powerful and immensely popular secretary general of the ruling Kuomintang (KMT) party, is to be named the new premier of Taiwan, informed sources said yesterday. AFP
        AFP  -  34 words
      • 52 10 UPI THE Korean government end opposition parties agreed yesterday to seek direct parliamentary testimony from disgraced former president Chun Doo Hwan on controversial cases of power abuse and corruption which took place during his rule. The agreement was reached at a meeting of ranking
        UPI  -  52 words
    • 1283 10 Current b ■oaks Me Total lor Total tar peyment data doee payabta fee year taal year A Enterprises 4%W Moy 3 May 18 Jun 8 H% 10% Ajinomoto Amooi 10% Apr 34 Moy 10 Moy 25 10% 83%(ol 10% Jun 16 Jun 28 Jul 12 10% 9.l%lol Asiatic
      1,283 words
  • Page 7 Advertisements
    • 5 7 Dividends table on page 10
      5 words
    • 120 7 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Soh Hoon of Block 17, Prince Philip Avenue #01-266 Singapore (0315), have applied for a RETAIL LIQUOR SHOP LICENCE in respect of premises at M/s TONG HUI PROVISION SHOP at Block 112 Bukit Purmei Road #01-209 Singapore (0409), and that this application
      120 words
    • 474 7 ff SINGAPORE'S PREMIER WATCH BOUTIQUE NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BOUSTEAD PROPERTIES PRIVATE LIMITED At an Extraordinary General Meeting of the Company held on 16 May 1989. the following resolutions were passed: (i) SPECIAL RESOLUTION RESOLVED that the Company be
      474 words
  • Page 7 Miscellaneous
    • 18 7 aeAcj A 777w?£: <po£'£r/&v c/&o> o££&"£~CWty<rAA/ 6m/£~£cxft? MVAr c/cu/z/y&rAzrr Ot/tfOO PPM?* TZ> A/GtV, 7U/A/XO&S u#o y&-&&/r—-/tHA#* w*C- rCOO;
      18 words

  • Page 8 Advertisements
    • 9 8 Managers must manage. BT shows you how every Monday.
      9 words
    • 74 8 PRESUMED INNOCENT 4 who killed Carolyn... whose body was found nude and lx>uixi in her fashionable apartment?... Was it ra[x i and murder or a premeditated crime?... From page one, the lxx>k consciously transc ends the murder mystery genre, combining whodunit susjx'nse with an elegant style and philosophical voice) The
      74 words

  • Page 9 Advertisements
    • 105 9 Stockholm, Vlanna, Milan, Frankfurt, Johannesburg and Zurich prlcas ware not avallabla TRAINING TO COMPETE! All you need to know to win that 10K ntn and marathon. It includes: A basic training program Special workouts to increase your strength, endurance, and power Specific preparation programs for all races with special emphasis
      105 words


  • Executive Lifestyle
    • 515 11 A COLLEAGUE lost his POSB passbook and duly reported it. All transactions were temporarily suspended till he collected his new passbook some two weeks later, when he was told that everything, including his POSBLine phone transactions would be back to normal, with the same passcode recognised.
      515 words
    • 855 11  -  Scratch a vintage car owner and you'll find more than an eccentric, says SAMUEL EE. You might find a shrewd businessman, playing... SAMUEL EE IMAGINE if you had a lovely old dog. Would you bring him to a pet show and make him run in a
      855 words
    • 755 11 SPEAK OF KAMPONGS and the stage is set for the average yuppie's vision of rustic attap houses au naturel, complete with palm trees swaying in the background. Throw in, stage left, a leafy tembusu tree its low branches reaching out over a winding stream from which
      755 words
    • Executive Lifestyle: Perspective
      • BT on Saturday
        • 560 12 A MODERN TWIST was provided in the Philippines last week to the ancient warning against having to eat one's words. Luis Reyes, a reporter working for the provincial Ang Panahon (The Times) newspaper, alleged that Lieutenant-Colonel Norberto Manaog, chief of the paramilitary constabulary in Masbate province,
          560 words
      • 1167 12  -  Revival of the classic watches is bringing a glint to the eyes of collectors and agents By JOSEPHINE CHAN WATCH-LOVERS who buy those multiple dial time pieces for their trendy look may be surprised to learn that those eye-catching, deep blue spheres are not
        1,167 words
      • 496 12  -  letters to the Editor SPOTLIGHT READER Dear Sir, I refer to the article 'Singapore ready for LBOs' in the Spotlight on Management column (BT May 8). While on paper it can be argued that the time is ripe for leveraged buyouts in Singapore, the
        496 words
      • 196 12  -  IVAN BAPTIST Ex«cuttv« Secretary Cam Dear Sir The Consumers Association of Singapore has received several enquiries regarding the sale of cordless telephones to Australian tourists. The Australian Customs has also expressed concern over the rise in the number of cordless telephones not approved
        196 words
      • 159 12  -  ROSALINE SOON (Mrs) Vice-president Public Relations Overseas Union Bank Lid Dear Sir We refer to the letter by Mr Chan Chee Hin and Mr Lau Yian Kong (BT May 6). As the conditions of the bank's 7-1/4 per cent convertible unsecured loan
        159 words
      • 65 12  -  C K M Dear Sir I understand that United Overseas Bank Ltd (UOB) is the second largest local bank in terms of assets. It is also more profitable than OCBC. Why is it that the shares of OCBC are rated so much higher than UOB (in
        65 words
      • 124 12 Lessons from SinglandGateway deal Dear Sir You did a fine job when you highlighted the Singapore Land/Gateway deal in your column last week. However, further monitoring is necessary for property deals between companies which have the same group of directors. Though legal, they should not go unscrutinised. One recent example
        124 words
    • Executive Lifestyle: Pursuits
      • 1914 13  -  More than two for the road About 60 cars from as far away as Canada and the Dominican Republic will be taking part in the Dickson Vintage Equator Run, 1989. They will participate in three categories: Vintage I, Vintage II and Classic. The first,
        SE; by SE; AS  -  1,914 words
    • Executive Lifestyle: Pursuits
      • 630 14  -  RvNK VOMA By N K YONG SATURDAY MORNINGS in Beaune means the picturesque open market in the Place de la Halle, by the side of the Hospices de Beaune. On a clear autumn day, it is a colourful sight, overflowing with people and
        630 words
    • Executive Lifestyle: Entertainment
      • 493 15 HEALTH NYT REGARDLESS of diet or weight loss, exercise reduces levels of fat in the bloodstream and may help prevent heart disease, a new study indicates. Though it has long been known that exercise reduces the chance of heart disease, it has been unclear to
        NYT  -  493 words
      • 807 15 FOOD Restaurant crowds can be maddening on Mothers' Day. So this year, a member of The Food Team went with his family to the most ulu restaurant they could think of. It was still crowded. IT WAS Mothers' Day and we wanted to celebrate
        807 words
      • 391 15  -  By QUEK SWEE PENG IT REALLY all boils down to the issue of old money. Old money at the Singapore Island Country Club. Arguably the most exclusive club, the SICC is generally considered the domain of old money. And therein lies the attraction. And. possibly the
        391 words
      • 50 15 ITS HIGH TEA, but vegetarian style The Annalakshmi Restaurant at the Excelsior Hotel has introduced a high tea special. Included in your choice of tea (or coffee) are vegetarian cakes, pineapple tarts, vegetarian sandwiches, samosa, rava kesari and paneer baajis. At $7.50 each From 4 30pm to 6pm
        50 words
      • 834 15  -  By RICHARD SEAH SCHOOL TUCKSHOPS do not serve healthy food, complained one mother in a letter to the press two Mondays ago. Coincidentally, that same night, a TV documentary lent credence to her call to pay more attention to children's diets. The
        834 words
      • Article, Illustration
        1194 15 STAGE PERFORMANCES: An Introduction to Indian Classical Danca. On Thursday, May 25. lunchtime concert goers can enjoy a lively performance of Indian classical dances at the DBS Auditorium from 12.45pm to 1.30pm. Presenting the concert will be Miss P Thilagalakshami, a classical dancer with wide experience, and her dance
        1,194 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • 501 16  -  CINEMA By NG PENG HUI ONCE IN A WHILE, film-makers like to turn from their own responsibilities and zero in instead on those of other media, ie, the press. Hence the spawning of movies like All The President's Men, Absence Of Malice, and Network
        501 words
      • 517 16  -  DANCE By LISA LEE THEY'VE been called intelligent, witty, seductive, funny, good-looking the adjectives that follow the Les Ballet Jazz de Montreal after each performance are almost always complimentary. Get a ticket for the performance at the Kallang Theatre this weekend and you could
        517 words
      • 547 16 THERE is cinematic life beyond the commercial film circuit. Hence the popularity of foreign films, those that would never make it to our cinemas but are nevertheless brought in by enthusiastic foreign cultural bodies, such as the Alliance Francaise and the Goethe-lnstitut.
        547 words
      • 815 16  -  BRIDGE By SYBIL HOLLOWAY ONE OF eight major prizes for best-played bridge hands in the 1987 Epson competition reported in the WBF Epson Bulletin was won by Santanu Ghose of Calcutta who was declarer in the deal below which was written up by Mrs
        815 words
      • 725 16 MELISSA ETHERIDGE: Melissa Etheridge (Island) She strikes a chord of bloodstained pain. Some of the most gut-wrenching songs are written from a tense push-pull effect of jealousy and loneliness. That theme runs rampant in Etheridge's songs. It's not the easiest recording to listen to. You
        725 words
      • SHORT TAKES
        • 771 16 THE CHILDREN stole the show in St'ars' The Sound of Music. Tiny Kristina Pei carried the bulk ot the talent on her little shoulders as the lovable Gretl, while Lee Lay Nar, playing the eldest Von Trapp daughter, handled her "first kiss" with such innocence
          771 words
    • Executive Lifestyle: Personal Investment
      • 260 17 [?||W Cresvale Research, Hongkong. THE MARKET had another encouraging week, breaking above the 1,300 level on Tuesday on the back of speculation that the massive OCBC group would be revaluing its assets in order to hive off its property arm. The market moved up 29.35 points
        Cresvale Research, Hongkong.; Source: Cresvale Research  -  260 words
      • 521 17  -  INTERNATIONAL SHARES By WILLIAM CHIA THE chief investment strategist of one of America s oldest securities firms is advising its clients to focus on "ruler" stocks. Edward Kerschner of the PaineWebber Group, defined these stocks as those whose earnings go up as straight as a ruler. These
        521 words
      • 377 17 WARRANTS Conversion terms Premium/ «.A <4 n e oa\ L rrices las ai i r (oiscouni) txpirv Amount Optional" using Company (m units) EZ S3 Ln stk Cash 1 Ln stk 2 Gearing 3 Date mths 1 nan v*u< left C K Tang 16.9 2.520 4.540
        377 words
      • 278 17 THE computation of premium and gearing for warrants is an indispensable tool for the warrant investor. In a stock rally, a play on warrant yields higher return than the same amount staked on the underlying stock. This is simply because the same amount
        278 words
      • 773 17  -  FOREIGN CURRENCIES By KEVIN GWEE AUSTRALIA'S recently announced Ass billion tax cut. coming into effect in July amidst an overheating economy, is likely to aggravate further the depreciation of its currency. The Aussie dollar, which hit a 13-month low of U550,762
        Source: UBS Phillips & Drew  -  773 words
      • 484 17  -  PRECIOUS METALS By Quak Hiang Whai PRECIOUS METALS investors may not be too excited by the Platinum 1969 annual report released by metal specialist Johnson Matthey recently. Prices for platinum used in the manufacture of autocatalyst for motor vehicles, and jewellery are expected
        484 words
      • 697 17  - Haw Par no bargain counter but still worth holding mm msmn By LORETTA McLAUGHLAN HAW PAR INTERNATIONAL, the widely diversified conglomerate, has come to appreciate the hard way that punting in securities and foreign currencies does not always pay. Last year, for instance, the merchant banking division and the group
        697 words
    • Executive Lifestyle: Sports
      • 635 18  -  TMCk With JEROME FANDOR With JEROME FANDOR IVAN ALLAN has chosen to use only jockey K L Oo and apprentice Moses Kway on his horses this weekend the second weekend of the current Singapore meeting. Oo rides Allan's three fancied horses Fidelite,
        635 words
      • 672 18 AP SHUG McGAUGHEY hopes today's Preakness in Baltimore, the second jewel in horse racing's Triple Crown, isn't another instance of like father-like son. McGaughey, Easy Goer's trainer, is talking about a replay of the 1978 Triple Crown. Eleven years ago, Alydar, who is the sire
        AP  -  672 words
      • 440 18 BASKETBALL AP MAGIC JOHNSON has a prediction as the Los Angeles Lakers prepare for their National Basketball Association Western Conference finals meeting with the upstart Phoenix Suns. "It's going to be a tough series," Johnson said after the Lakers' practice session at the Forum on
        AP  -  440 words
      • 370 18 UPI A J FOYT, the oldest driver in this year's Indianapolis 500 field, rose from his car after qualifying yesterday and yelled a defiant challenge at Father Time. "We're getting up in age and I guess they figure the old man
        UPI  -  370 words
      • 425 18 AP FOOTBALL STAR Dexter Manley told a US Senate panel on Thursday that he has finally overcome childhood rejection and gained self-respect since seeking help three years ago to learn to read and write. Manley. a defensive end for the Washington Redskins,
        AP  -  425 words
      • 523 18 GOLF AP lAN BAKER-FINCH led a cadre of foreign players into the top spots on Thursday after the first round of the US$l-million Colonial National Invitation Tournament in Fort Worth, Texas. Baker-Finch, 28, a globe-trot-ting Australian who is now concentrating on play in the
        AP  -  523 words
      • 265 18 DAVID FEHERTY of Northern Ireland surprised the fans and himself with a 7-under-par 65 opening-round lead in the US$5OO,OOO Italian Open golf tournament on Thursday. "I could not believe it," said Feherty, the winner of the 1976 Italian Open who completed the round a stroke ahead
        265 words
      • 357 18 TENNIS AP MODEST Mark Koevermans' three victories in the Italian Open have surprised a lot of people, including himself. "I certainly didn't expect this kind of success," said the un-seeded-Koevermans who advanced to the quarter-finals with a 6-3, 3-6, 6-1 third-round victory on
        AP  -  357 words
    • Executive Jobs
      • Article, Illustration
        536 19  -  By SHOEB KAGOA THE BEST-LAID plans of mice and men may go awry but Mr Lim Soon Hock of Compaq Asia is not one who would readily agree. Working life for him has been one meticulously planned exercise, starting from his final year in engineering school. Then,
        536 words
      • 322 19 vision of career goals" are the two most important factors, according to Mr Lim. After graduating with an honours degree from the University of Singapore in 1973, Mr Lim was drafted into the army for two and a half years of National Service. Since he was
        322 words
      • 305 19 ROYAL Trust Merchant Bank Ltd has appointed FOCK SIEW TONG as its Singapore-based i managing director. In his new j position, Mr Fock will be in charge of the overall direction of the bank's activities in South-east Asia. He said his immediate aim is to widen the
        305 words
      • 1240 19  -  In a recent Singapore Institute of Management survey of 'excellent' companies here, US MNCs took 12 of the top 20 spots, martin soong discovers that some of these American corporate giants offer executives more than just the tangibles with pay and perquisites aplenty.
        1,240 words
      • 142 19 Progressive, enlightened, people-oriented management: employees considered an integral part of the corporation, keeping them happy, treating them fairly, is important. e Participative approach to decision-making: management involves employees directly in decisions affecting them, such as career development and training. e Potential for higher achievements: quick
        142 words
      • 456 19  -  By ANNA TEO IF AT ALL they ever pursued it, Singapore workers have been giving the 40-hour week, the goal of their counterparts from the industrialised countries, a wide berth. While the trend towards shorter working hours gathered steam worldwide, the
        456 words
      • 301 19  -  by ANNA TEO ONE WAY UP as Singapore's national wage average goes up, more people have moved into the higher-income brackets. But their personal taxes have come down. The number of people with chargeable income of between $50,000 and $100,000
        Source Inland Revenue Department  -  301 words
  • Page 11 Advertisements

  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 786 12 CRYPTIC PUZZLE ACROSS 9 Look at the craft needed by the makeup artist (3, 5) 10 It shows disapproval of the novel you haven't finished (3) 11 Highly picturesque wear for a snowman? (3. 3) 12 Caught in a panic? Hardly! (6) 13 Be going to see the child, to
      786 words


  • Page 14 Advertisements
    • 728 14 Where to entertain... Where to entertain... Where to entertain... Whereto ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE CM- MAIN OX'RSKS. PALM For between $26+ and $40+ you can select from our appetiser UKILL buffet including seafood, smoked salmon and oysters.
      728 words
    • 288 14 Bonne Chance... a French Affaire at The Belvedere. ®SSES3GHB3E3K3S3c»JES2Si ;uuitu r^* K-- <ri» MfV IIZ &-i 4 ~3 Si CM No less than 60 tempting French dishes! Appetisers are rich with oysters, stuffed trout, terrines of duckling and Charcuterie Lyonnaise. From the hot pots, try Cassoulet Toulouse. Dessert treats include
      288 words

  • Page 15 Advertisements
    • 210 15 entertain.... I w i I** ■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 j them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad
      210 words


  • Page 17 Advertisements
    • 28 17 BT welcomes Investment Ideas end viewpoints from brokers, bankers end other reeders. Addrees ell correepondence to: The Editor, Personal Inveetment, Buelnees Times, 390 Kim Seng Roed, Spore 0923.
      28 words


  • Page 19 Advertisements
    • 10 19 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day
      10 words
    • 111 19 PUBLISHING MANAGER THE JOB To source freelance writers and to prepare trade directories, journals or books of general interest. The ideas will have to come from you and be discussed with top management. THE CANDIDATE Should have a flair for writing and he/she must be profit-oriented. REMUNERATION A flexi-wage system
      111 words
  • Page 19 Miscellaneous

  • Page 20 Miscellaneous
    • 652 20 The week's movies The One and Only. Today. 9.30 pm, SBC 5 Henry Winkler plays a basically obnoxious young college kid who thinks he's going to be a famous actor some day, but ends up a flamboyant wrestler instead. Carl Reiner directs this 1978 effort, featuring some genuinely funny moments
      652 words
    • 1881 20 SATU R DAY Tamil; SBC 12 S.3S PM Opening and Programme Highlights followed by Centrestage The Winter's Tale (r, Pt 2). 7.0S The Romantic Spirit The Romantic Explosion (r. Debut, See Our choice). 8.50 Musical Interlude. Excerpts From Montrex Jazz Festival 1966 9.00 The Wembley Trial (L, See Our choice).
      1,881 words
    • 1357 20 SATURDAY BBC Highlights 86.8 mHz In VHF Band N SAM Newshour. 7.00 Work) News. 7.00 Commentary. 7.1S From the Weeklies. 7.90 Multitrack 3. 0.00 Newsdesk. 8.30 Personal View. 0.46 Recording of the Week. 0.00 News Summary followed by Outlook. 0.28 Financial News. 8.30 Poetry of the Century. 0.48 Book Choice.
      1,357 words