The Business Times, 21 March 1987
1987-03-21
1
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The Business Times
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Title Section12 1987-03-21 1 BUSINESS TIMES M.C. (P) No. 112/12/86 Weekend Edition, March 21-22,1967 75 CENTS12 words
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Article, Illustration189 1987-03-21 1 Overseas markets Friday HK Hang Seng Index 2780.55 59.27 Tokyo Nikkei Average *****.67 (+13.35 Sydney All-Ordinaries 1652.2 3.6) Thursday New York (Dow Jones) 2299.57 12.64) London (FT 30 Index) 1581.6 (-7.9 1595.4 (noon, Friday Exchange rates THE SINGAPORE DOLLAR closed higher at $2.1440/50 ($2.1460/70) against the US$189 words
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Article, Illustration434 1987-03-21 1 BOEY KIT YIN - Small Enterprise Bureau to get more clout By BOEY KIT YIN A TOP-LEVEL multi-agency government committee has been set up to give the Small Enterprise Bureau more clout in its efforts to promote small and mediumsized local businesses. The Small Enterprise Committee.434 words
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299 1987-03-21 1 ANNA TEO - By ANNA TEO FOREIGN INVESTORS are prepared to coma to Singapore and pay higher wages because the average Singapore worker knows English and can quickly master new technology. Making this point in Parliament yesterday, Education Minister Dr Tony Tan299 words
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339 1987-03-21 1 AMY BALAN - By AMY BALAN SHAW BROTHERS a name synonymous in South east Asia with the movie world has drawn the curtains on its cinema business in Malaysia. At an extraordinary general meeting yesterday, shareholders of Shaw Brothers (M) Sdn Bhd, the holding339 words
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Article, Illustration276 1987-03-21 1 THE SINGAPORE stockmarket enjoyed an unexpected surge yesterday, amid speculation that corporate goodies were coming the way of investors. The Straits Times Industrial Index shot up 20.08 points to 1,051.95 while the BT Composite Index rose 19.74 points to 931.29. Total volume traded was 32.9 million276 words
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140 1987-03-21 1 Reuter A FORMER Brunei bank officer facing criminal breach of truat charges involving $730 million was granted bail in Bandar Seri Begawan High Court yesterday. Justice Rory O'Connor set bail for Chen Ping Fang, a former director of the now-closed National Bank ofReuter - 140 words
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Article56 1987-03-21 1 FIFTY YEARS AGO. three young men in England got together to spy on their neighbours. They aimed at nothing less than a new science "the anthropology of ourselves" by collecting every conceivable fact, the important and trivial about their fellowmen. They founded "Mass-observation" which collected all56 words
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Page 1 Advertisements
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Advertisement248 1987-03-21 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM ER DAY] sports on Pagt 3 Housa MigagN In llvsiy dabata on Iho A WSJ affair MOE not In favour of privatising rafuaa disposal INSIDE OUR VIEW NEWSPAPER OBITUARIES often become exercises In genteel respectability. They refuse to say anything but the best about248 words
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Advertisement0 1987-03-21 1 \>`.-&/-"<@;*_~@:(&&&">(+-"$\,/0 words
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Advertisement183 1987-03-21 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC CVCCutxiK Ufatylc r> wk KXLr'M* vs m i m k <r. r,jr_ Will the market go racing back up again? Entrepreneurs preparing report on needs of SMEs, Pegs 2 FuN raport, Paga 14 Infl stocks, Pags Asian stocks, Paga 7 iWovado. On Viewi4t The Museum183 words
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HOME NEWS
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426 1987-03-21 2 CHUANG PECK MING - By CHUANG PECK MING McDONALO'S is now on a major expenditure programme to add new outlets and to give its existing restaurants a new "comtemporary" look. McDonald's managing director Robert Kwan indicated that the chain's expenditure could be between $20 million and $30 million this426 words
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156 1987-03-21 2 SINGAPORE POOLS haa decided to absorb the increased duty on gambling bets, from 20 per cent to 25 per cent, with effect from April 1. A Singapore Pools official said the board of directors, which had been meeting on the matter since last156 words
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443 1987-03-21 2 WHILE the government draws up master plan to develop small and medium-sized enterprises (SMEs), these enterprises are playing their part to help the government help them. The four-month-old Association of Small and Medium-sized Enterprises is preparing a report on the needs of SMEs443 words
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303 1987-03-21 2 LIM SOON NEO - By LIM SOON NEO THE SINGAPORE Tourist Promotion Board (STPB) will call tenders in June for contractors to work on conservation and adaptive re-use of Empress Place Building so that it can house a series of exhibitions. The building is expected to be303 words
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Article, Illustration128 1987-03-21 2 Bernama THE DIRECTOR-GENERAL of the Trede Development Boerd. Mr RkJzwen Dzafir, said Singapore still hed to import agricultural commodities from Indoneeie to meet the needa of Ha population and three million viaitora to the country. Mr Ridzwen Dzafir, who led a group ofBernama - 128 words
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98 1987-03-21 2 A DISCIPLINARY Committee—studying whether lawyer J B" Jeyaretnam should be struck off, suspended or censured, following his conviction on four crimi- l nsl charges, yesterday, concluded its hearings. The committee, chaired by Mr»..Choor Singh, a retired High Court judge, will deliberate on all the evidence98 words
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YESTERDAY IN PARLIAMENT
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529 1987-03-21 2 FOR ABOUT AN HOUR yesterday, the House was treated to a lively exchange over the government's restriction of the sales of The Asian Wall Street Journal. Sales were restricted to 400 copies a day from Feb 16 after the journal refused529 words
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462 1987-03-21 2 THE GOVERNMENT yesterday expressed its dissatisfaction with the replies made by the US government to notes sent by Singapore about the Asian Wall Street Journal affair. Foreign Affairs Minister Mr SDhanabalan said the government could not agree with the US State Department's view that a462 words
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IN BRIEF ...
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Article68 1987-03-21 2 will be imposed. if necessary, to check any abuse or misuse of the Medisave scheme. But Acting Health Minister Yeo Cheow Tong told Dr Koh Lam Son (Telok Blangah) there had been no evidence of general abuse and misuse of the scheme since it began on April 1, 1984.68 words
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Article, Illustration83 1987-03-21 2 tertiary student costs the Education Ministry between $11,000 and $38,000 a year in subsidies. The subsidy per student for non-laboratory-based courses is $10,900; for a laboratorybased course, $$13,300; and for medicine and dentistry, $37,900. For the Vocational and Industrial Training Board and the polytechnics, the subsidies are $4,094 and83 words
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Article49 1987-03-21 2 fell from 1,427 cases in 1985 to 1,090 last year. As a result, the accident frequency rate dropped from 5.5 accidents per million manhours worked in 1985 to 5.0 last year. The number of fatal accidents also fell from 42 cases in 1985 to 26 last year.49 words
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Article77 1987-03-21 2 of National Servi- cemen who have received training in construction skills under the Construction Brigade programme now totals 6,500. The programme was introduced in 1981 to build up a pool of National Servicemen in the Singapore Civil Defence Force to carry out repairs and reconstruction work in an77 words
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387 1987-03-21 2 THE MINISTRY of Environment is not for privatising sll refuse disposal services in public housing estates, but is prepared to sllow the Ang Mo Kio Esst town council to give it a try. If the town council, chaired by Mr Chandra Daa387 words
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Article842 1987-03-21 2 AT CONVENTIONAL WHARVES VW9B9% Uil Ul Ariifil t/^p*rǤrw KEPPEL WHARVES Colossus K35 alongside 22.03/0600 Concord Ibuki K16 alongside 21X13/2300 Forthbank K18 alongside 21.03/0600 Ganda Bhakti K32 alongside 21X13/1500 Kota Rotna K30 alongside 25.03/0600 Nippo Moru <20 alongside 21.03/0600 Straits Hop* K24E alongside 23.03/1500 Tenchfaank K15 alongside 21.03/0600842 words
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OVERSEAS
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424 1987-03-21 3 Reuter JAPAN has the highest agriculture subsidies in the world and dairy farmers benefit more than any other commodity producers, according to a controversial study of farm subsidies. The study was carried out by the Paris-based Organisation for Economic Cooperation and Development (OECD).Reuter - 424 words
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Article879 1987-03-21 3 1 ARRIVALS Operator i Sorvico number Local rim* From sf UA SU SVi MAS S* cv, KAL MAS CPA MA GU sui SU THAI SU MAS GU SU SU OA SU SV SU' G^ SIA. SU SU SU THAI KLM SU THAI CPA MAS MAS GU Al879 words
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225 1987-03-21 3 UPI JAPAN is expected to enter the military equipment export market in a few years and compete worldwide, just as it has in the car, steel and electronics industries, a senior defence official said on Thursday. "They (the Japanese)UPI - 225 words
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260 1987-03-21 3 AP POPE JOHN PAUL II on Thursday urged workers to assert their rights, warning that they could find themselves overwhelmed by rapid technological advances if they didn't The Pope said workers should "guard against any attempt to reduce man to a mere cog-wheelAP - 260 words
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271 1987-03-21 3 UPI THE US and other nations should avoid intervening if money traders tried to drive down the value of the dollar, a Brookings Institution economist said on Thursday. George Perry argued in a newly released study that the US needed an even more depreciatedUPI - 271 words
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224 1987-03-21 3 UPI DIET-RELATED DISEASES are responsible for almost 60 per cent of deaths, according to a nutrition report. Nearly 25 per cent of the deaths from diseases such as diabetes, cancer, hypertension and heart disease are of people under 65. "All ofUPI - 224 words
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Article, Illustration450 1987-03-21 3 Iran affair I won't go down that road again, says Reagan NYT PRESIDENT REAGAN repudiated his Iran policy initiative on Thursday night, saying "I would not go down that road again if given the opportunity." In a nationally broadcast news conference, Mr Reagan also emphatically stated that he had noNYT - 450 words
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239 1987-03-21 3 Reuter WESTERN GOVERNMENTS have failed to match Soviet leader Mikhail Gorbachev's "new thinking" in international relations, according to a senior Soviet official. Valetin Falin, head of the Soviet Novosti Press Agency, told journalists on Thursday that West German Chancellor Helmut Kohl's policy addressReuter - 239 words
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181 1987-03-21 3 AP UNIVERSITIES need to emphasise their role in developing world leaders much as they do other subjects, former heads of state said on Thursday at a symposium on fostering world peace and cooperation. "Universities must not see themselves only as institutions where science andAP - 181 words
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337 1987-03-21 3 UPI A PARLIAMENTARY committee's rejection of a key industrial reform law was described by Western diplomats yesterday as "a real blow" to the Chinese government's modernisation efforts. Meanwhile. Xinhua news agency reported that a book of previously unpublished speeches by seniorUPI - 337 words
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Page 3 Advertisements
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Advertisement43 1987-03-21 3 /II 7" The business person's choice. 1 every Tuesday, Saturday and I m \l Sunday. Leaving Changi Airport at -J* U- 22:05 hours and arriving Bombay at 00:30 hours. Call your Travel Agent or Air Canada at *****55. Effective thru 30 April 1987.43 words
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Advertisement556 1987-03-21 3 Congratulations to the Grand Opening of the China Henan Province Travel Fair '87 SANTATOURS wr~' CHINA HENAN PROVINCE TRAVEL FAIR '87 c INA SELECTS: 1 CHINA MJ. DENGFENG ENG LUOYANG (ONG Tt $2068 14 DAY GUJ )TOUR XJ,XIAN. vu DAYUDU. ENGFENG lOU. KAI>U. HONG 15 DAY CENTRAL CHINA (HENAN) TOUR/556 words
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WORLD BACKGROUND
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Article777 1987-03-21 4 LEONARD SILK - Understanding the causes of the first helps By LEONARD SILK NYT WHILE THERE are some similarities today to the worldwide crisis that led to the Great Depression of the *****, there are important differences that should enable us to avoid another economic holocaust. The most crucialNYT - 777 words
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637 1987-03-21 4 NYT A GLEAMING subway train rumbles up to a spotless underground platform and lets out hundreds of commuters. They exit past potted plants and chandeliers while a Hindu hymn plays on the loudspeaker. But what most distinguishes the brand-newNYT - 637 words
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732 1987-03-21 4 Reuter HIGHER world oil prices coupled with a new realism ushered in by austerity could lift Saudi Arabia's economy after five years of falling revenue and growing budget deficits, bankers and diplomats say. They say the months ahead will prove critical as SaudiReuter - 732 words
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RAW MATERIALS
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Article161 1987-03-21 4 MALAYSIAN crude palm oil prices closed lower yesterday on speculative selling and buyers' reserve, with easiness in palm oil futures and weaker overnight Chicago soyoil futures weighing on prices. India's purchase of RBD palm oiein at below market levels on Thursday also dampened sentiment. In the March position,161 words
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Article96 1987-03-21 4 OIL PRODUCTS FUEL OIL rose, following the Mediterranean market. Gasoil was weaker due to over-supply in Singapore. Naphtha and jet were stable with a weaker undertone, as buyers were relaxed. (Thursday's closing price for heavy fuel oil was U5595.50/tonne.) Closing prices for crude (FOB origin) US$/barrel Change Dubai (May) 17.1096 words
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Article137 1987-03-21 4 Chinese Produce Exchange Sellers' noon dosing prices on March 20 (SS/100 kg) Coconut oil Bulk FOB 86.00 Old drum FOB 96.00 New drum FOB 100.00 Copra Mixed (loose) 48 sellers Pepper Muntok WNn FOB NIW II 97.50 Sarawak While FOB faq NIW 1182.50 Sarawak special black FOB NIW137 words
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Article160 1987-03-21 4 THE PRICE OF TIN on the Kuala Lumpur tin market tell six cents yesterday to dose at M 516.76 per kilo from Thursday in light trading. Sellers offered 105 tonnes at the opening of Thursday's price of MSI6.S2, but buyers bid only 20 tonnes. Sellers160 words
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Article66 1987-03-21 4 Bangkok Broken Rice (USJ/tonne, FOB) A-l Super A-l Special 146 143 White Rice C-l Special C-1 Ord unq unq 100% 1tt clou 258 100% 2nd doss 228 Loonzain Rice 100% 3rd doss 223 100% 1st grade unq 5% 10% 213 208 100% 2nd grode 222 100% 3rd grode unq66 words
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Article127 1987-03-21 4 WHEAT FUTURES on the Chicago Board of Trade held midsession gains on Thursday and closed two to 1/2 US cent a bushel higher with spot March at U552.67-1/4 a bushel. Volume was light. A professional sold July while Staley sold May and another professional bought May. Corn futures closed127 words
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Article145 1987-03-21 4 SOYBEAN FUTURES on the Chicago Board of Trade closed mixed on Thursday, ranging 3-3/4 cents a bushel higher to 1-3/4 cents lower, with spot March at US$4.9l-3/4 a bushel. The nearby March was supported by short covering ahead of the final trading day yesterday, traders said. Other contracts held145 words
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Article319 1987-03-21 4 SINGAPORE The market closed higher yesterday with April 1 RSS buyers quoted at 192.50 cents/kilo, up 1.50 cents from Thursday. Dealers said the morning session ended little changed from Thursday night levels, after hovering narrowly on light weekend short covering in thin trading. Prices gained ground in moderate afternoon319 words
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Article281 1987-03-21 4 RAS prices In S omMq, FOB in bate NOON CLOSE buyers Sellers Buyers Sellers Int 1 tSS Prompt 192.50 193 JON 194 JO 195 JON tnr 1 RSS April 87 190.50 191.50 192 JO 193.25 Int 1 RSS May 188.00 188.50 189.50 190.25 Int 2 RSS OP281 words
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Article80 1987-03-21 4 (canti/kg, 1-ton polt«n) APRIL 87 MAY 87 (currant month) (forward month) NOON NOON RAS lvy«fi 5<Wti Suy*** S«U*n SSI 20 167.00 169.00N 167.00 169.00N SSI 50 166.00 167.00N 166.00 167.00N MRELB lvy*rt S*M*n luyon S*n*n SMI CV 247.50 249.SON 248.50 250.50N SMI I 246 00 *****N 247.0080 words
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Article856 1987-03-21 4 COFFEE Robusta coffee futures finished around Thursday's lows due to some commission house selling just before the close. Near May last traded at £1,272 a tonne, up £7 on Wednesday's close, but off the day's high of £1,285. Other positions were £10 firmer to £8 easier. A Reuter856 words
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Page 4 Miscellaneous
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Miscellaneous77 1987-03-21 4 Doonesbury YOU KNOW, BV., TVS BE&J THINKING A LOT ABOUT i MiPfisruves LATELY... r A m m I #A Tvs been somanyth/hgsA MIPOIE KINGDOM MIP-WIFE, A BABYLONIAN ASTRONOMER, A HOLY ROMAN EMPRESS, A LEPER IN F/N-PE -SIECLE MARRAKESH m m y BY GARRY TRUDEAM LASTNtQHT, I HAS TRYING TO HGURB77 words
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BANKING AND FINANCE
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403 1987-03-21 5 UPI A NEW COMPANY, launched by a group of 28 Japanese commercial banks to deal with outstanding high-risk loans to Third World countries, will start with Mexico, officials of the managing institution said yesterday. The new firm, JBA InvestmentUPI - 403 words
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181 1987-03-21 5 AP A PLAN for an international body to buy up hundreds of billions of dollars worth of poor countries' debts at discounts has been approved by a House of Representatives panel. By an 11-2 vote on Thursday, the Banking SubcommitteeAP - 181 words
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363 1987-03-21 5 AFP HONGKONG Banking Commissioner Robert Fell said on Thursday that there were legitimate differences of opinion between focal banking supervisors and Japanese banks over capital adequacy guidelines. But discussions were now 'Imuch more rational" than before, Mr Fell said. TheAFP - 363 words
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129 1987-03-21 5 AFP SOUTH KOREA plans to pay back US$l billion of its foreign debt ahead of schedule this month in an effort to reduce its foreign borrowing to less than US$4O billion this year, according to Korean authoritiea. The projected US$l billionAFP - 129 words
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699 1987-03-21 5 Instrument satisfies an investment need, say banks Reuter A NEW MARKET has emerged in warrants to buy gold, a vehicle which bankers say brings some of the play of commodity options into the field of securities. Over the past three weeks, Swiss offices ofReuter - 699 words
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368 1987-03-21 5 UPI ALMOST one-fifth of all commercial bank» in the US loat net income last year, and thia year's failure rate ia running at twice 1966's racord pace, according to the Federal Deposit Insurance Corp. The FDIC also said in a reportUPI - 368 words
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MONEY AND EXCHANGES
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Article586 1987-03-21 5 JUNE Eurodollar opened virtually unchanged from its previous close at 93.58 JI2 US personal income and personal consumption expenditure were within market expectations. Its trading range again remained tight between 93.57 and U3.58 during the session with a Jack ot fresh news for the market. Liffe session saw lacklustre586 words
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Article247 1987-03-21 5 HONGKONG: Qold closed a shade firmer in fairly quiet and dull trading. It ended at U*****.40/80 an ounce against New York's U*****.00/50 close and the U*****.80/405.20 finish here on Thursday. On the local market gold rose HK$6 to HK53,773. The Krugerrand rose HK$5 to HK53.165. The maple leaf247 words
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Article713 1987-03-21 5 SINGAPORE: The US dollar closed narrowly mixed against major currencies after another day of thin trading yesterday. It weakened slightly against the mark and Swiss franc in the afternoon on some European selling but held steady against the yen and sterling. Dealers said President Reagan's remarks during his713 words
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Article, Illustration185 1987-03-21 5 Indicate* tha average of Vie prime tending rates of 12 ma|or banks In Singapore Interbank market rates (offer/bid) on March 20 us$ DM SWFC Y«fl 7 6ay* 1 M#l 3 M* 4 12 M* 3/1* l/U i/a 3/t i/a 3/t 6 i/a 3/t 6 f/U 7/U 10185 words
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Article211 1987-03-21 5 Interbank rates of 3pm ywtirdayi a j» Loco! dollori to out unit of fofiiQn onvncyi US dolor 2.1440 ***** 24% -H*6 Storing pound 3.4250 ***** 744# -5X30 t AiMiroioN dolor 1.4707 1.4736 143M -57.10 NZ dolor 1.1900 1.1934 Qmdksi dolor ***** ***** 34JN 4! 77 3.4206 -52.20 Local211 words
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Article43 1987-03-21 5 RESULTS OF TENDER held yMkrM bills to be issued from Mar 23 to 27:, Offered: $200,000,000 Applied for $603,420,000 jT Allotled: $200,000,000 IP Accepts* bids: $00.50 end nearly 70 per cent Average rals of discount on 1.950 per cent per annum.43 words
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Article151 1987-03-21 5 Asian nk d+postt rtt^s nun! K CN O "O c us$ Offer lid 6 3/16 6 1/16 6 1/2 6 3/8 6 1/2 6 3/8 6 1/2 6 3/8 6 1/2 6 3/8 6 1/2 6 3/8 6 9/16 6 7/16 S Ft Om 1 MMII 2 idqmHi 4 5/16151 words
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Article109 1987-03-21 5 THE OVERNIGHT rate on the Singapore interbank market was unchanged at 1-1/2 per cent yesterday. The term rates lost 1/16 point each across the board. S$ Interbank rates at 7pm yesterday: Offer (W night 1 1/2 1 1/4 1-mon* 3 1/4 3 1/8 2-momti 3 1/4 3 1/8109 words
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Page 5 Advertisements
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Advertisement0 1987-03-21 5 &_,*)'(}:\->|(]',(.,[-{{*<&+]~+0 words
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INTERNATIONAL STOCKS
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143 1987-03-21 6 Reuter tong list of state-owned that have been flted to the private sector slhce Margaret Thatch"Conservatives won Avtor 1979. J Private forecasts sug-jnstMPtolls-Royce might Drinflil up to £1 billion for /VhaTmfcsury, providing a larg» slice of the cash the govetament plans to raise throughReuter - 143 words
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20 1987-03-21 6 Reuter waft, /hey are to replace W DC-10s in the «•«<> reported a on 12 dividendReuter - 20 words
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395 1987-03-21 6 Reuter WALL STREET stocks closed at a record high on Thursday for the third straight session. Traders were unable to push the Dow Jones Industrial Average over the 2,300 level as investors prepared themselves for today s long awaited triple witching hour. TheReuter - 395 words
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Article128 1987-03-21 6 MAR It Abitibi C 4214 1% inco Int Prov Pip* 21% 49 24% 1 A lean Alum 50% 1!4 Atgoma St) 12 14% -1-% Bank Nova Scotia Bank Of Montraal B*ii Canada 20% 36% 43% McMil Bldl Moison A 82% 25% 32% Bp RMOurcM 45% 31% Braacan CI A128 words
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Article198 1987-03-21 6 MAN It RAND Truat Bk Un Steel ISO 75 unch MDUSTfUALS Wooltru 1500 25 A Alpha 1550 300 MM NQS Aeci 1650 unch Anglo# 6600 -50 icsr 0 525 -5 unch -25 Angvaal Blyvoor 2150 25 Barlows 2080 Buffets 7250 -200 C G Smith CNA 3575 unch 5 unch198 words
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Article616 1987-03-21 6 MAN 19 US Alcan Alumin Alcoa Alleg intl Allied Stg Allis-Chalmers Am Brand* Inc Am Can Co Am Cyanamid Am Elac Pwr Am Expreaa Am Homa Prod.... Am Motor* Cp Amax Inc Amerada Hess Amoco Corp 38* 44* 24% 47% 2* 49% 51% 96* 39% 79% 90% 4%616 words
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Article725 1987-03-21 6 Amsterdam MAN It a* ABN 487 00 -9 5 Aagon 87 30 -1 6 Ahoid ***** -2 9 Akzo 141 80 4 Airanta 143 50 ♦02 AMEV 84 80 •2.4 Amro Bank Am Stad 78.50 ***** -1.5 -05 Barkal 18 20 4-0.3 BOLS 161 00 -3 Boraumij Buahrman725 words
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Article74 1987-03-21 6 Reuter SHARE OWNERSHIP in Britain has trebled since Conservative Prime Minister Margaret Thatcher came to power in 1979. Treasury Financial Secretary Norman Lamont told Parliament that the rise was spread acroas social groups. A government survey showed that more than five million people had become shareholdersReuter - 74 words
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Page 6 Advertisements
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Advertisement296 1987-03-21 6 to wiite, itiae mil entertain ALL YOU WANT m L~\s#r f\ 9 X f s 80 So per porson Lunch: II am to 2.30 :8 am to 2.30 SES33Z2SEEES 181, Kitchener Road, Singapore 0620. Tel: *****22 f y If *-<U.-> mwe w tf; «v. Vr fW »<*«> j •JL* MWWoj;.296 words
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Advertisement130 1987-03-21 6 `,_~.~<}!&.&/\$;>\=&?/-})@_]=.$ No one could expect a stomach to survive the stretch between dinner and breakfast The minute you feel the rumbles, head for shelter here. We have porridge -s= potpourri. Hot and J K steaming buffet to i get you through the night for only $7.50. (All prices subject to130 words
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ASIAN STOCKS
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Article434 1987-03-21 7 HONGKONG: Share prices closed sharply higher yesterday in active trading on strong buying interest with the market turnings its attention to the Jardine Group, brokers said. The Hang Seng Index climbed 59.27 points to end at 2,780.55 and the Hong Kong Index 38.57 at 1,784.17. Turnover rose to HK5958.4434 words
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Article224 1987-03-21 7 MAM 20 NTS 3 09 0 14 Kuochan Daw Laa Chang Yuan Cham Indus .30 70 06 36 50 0 8 1 1 0.4 0 6 0 15 0.8 33 30 1.5 Cathay Cons 46.10 65 00 Lian Hwa Indus Nan Ya Plaa 22 50 37.50 0 9 0.4224 words
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Article396 1987-03-21 7 TOfCYO: Shares closed mixed yesterday in heavy trade as no new buying themes emerged to coax investors back into the market after Thursday's decline. The market average edged 13.35 points higher to close at 21,657.67, after vaulting in and out of minus and plus ranges all day. Declines led396 words
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Article90 1987-03-21 7 MAR M pesos MtniHl Oriental B 0 025 -0 001 Aco|« Mining Anglo Phil Apax Mining B 0 043 •0001 Phil Ovarsaas Philax B Plcop B PLDT 004 0 37 285 •0 001 unch 2.5 -4 -0 001 Atlas Con B Baguio Gold Basic Patrolaum. Banguat Con. B First90 words
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Article401 1987-03-21 7 SYDNEY: Australian share markets closed at record levels yesterday for the second day running as strong support for gold stocks and scattered support for industrial stocks pushed the market upwards. But trading was uncertain as investors remained cautious ahead of Wall Street's triple witching hour. At the close, the401 words
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Article123 1987-03-21 7 MAR WON 3090 100 •15 Kai Kanowon Ind 1370 ***** 25 unch •8 Daelim Ind an Kia Motor Daewoo Corp Daewoo Heavy Daiahin Securities Dong Ah Phar Dong Suh Stock Oongbu Steel 970 1331 38S0 ***** ***** 2300 20 20 unch 800 -480 80 Korea Long Term Lucky Lid123 words
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Article151 1987-03-21 7 Reuter BANGKOK: The Stock Exchange of Thailand Index dropped 0.37 to 224.04 on a turnover of 1,211,515 shares worth 210.4 million baht. MAR 26 1 IAHT Saha Union Stam Camant 206 656 2 unch Ayudhya Iruaatinant Bangkok Agro-Jnd 272 73.90 unch unch Siam City Camant 782 unch Bangkok BankReuter - 151 words
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Article70 1987-03-21 7 SECURITY PACIFIC Corp, the sixth-largest US bank holding concern, has agreed to sell half of its Japan Security Pacific Finance to Mitsui and Co for an undisclosed price. As a joint venture, the consumer finance unit will substantially increase the reach of Japan Security Pacific70 words
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310 1987-03-21 7 Output to be reduced further Reuter JAPANESE COMPUTER microchip manufacturers will be asked to slash their output further in an effort to save the country's semiconductor pact with the United States, officials of the Ministry of International Trade and Industry said onReuter - 310 words
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200 1987-03-21 7 AP OFFICIALS of Micron Technology Inc claim they have proof that Japanese manufacturers of semiconductor chips have violated a trade agreement with the United States and are dumping their chips on the world market. US officials have warned they will scrap last year'sAP - 200 words
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222 1987-03-21 7 AP THE CHINESE Petroleum Corporation (CPC) of Taiwan has signed a 20-year contract to buy 1.5 million tons of liquefied natural gas a year from Indonesia's state-owned oil company Pertamina starting in 1990. With the signing of the contract by PertaminaAP - 222 words
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Article123 1987-03-21 7 Reuter A CHINESE institution is making a rare move to float part of its assets in Hongkong by taking over a local-ly-listed shell company. An offer document for Union Globe Development Ltd said a subsidiary of Guangdong Enterprises (Holdings) Ltd, owned by the Guangdong Provincial Government,Reuter - 123 words
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Page 7 Advertisements
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Advertisement713 1987-03-21 7 CSV. H Wm Wtere to wiae, aiae aad entertain I r/i* 8 jio Sunday Brunch: A great family outing. If s a wonderful way to combine a late breakfast with an earty lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees,713 words
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Advertisement197 1987-03-21 7 5 IRRESISTIBLE OFFERS! •40% OFF all Premium brands and bottle rates Buy one drink and get one FREE Extended Happy Hour 12 noon Bpm Entertainment by 2 top bends nightly (6pm 2am*) fITTTMCTIOnS A popular show band from the Philippines sinc.Do,.'. Chcfuvul Singapore s n\ most popular band %jSC44t€4^4Vl€l m197 words
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LETTERS TO THE EDITOR
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Article525 1987-03-21 8 NOBODY is more unfairly treated than an obituarywriter. Obituaries are probably the friendliest columns of a newspaper, one of the cardinal rules of serious journalism being that obituaries should say the best things they can about the dear departed. Most farewell columns are, therefore, so thoroughly525 words
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Article170 1987-03-21 8 D W DISTANT - D W DISTANT Dear Sir Your reader "A Small Investor" (BT March 7) called tor a change in the "immediate" delivery status of counters like Johan and Bonvests because circumstances have changed. I would like to add to that a suggestion that the relevance170 words
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Article, Illustration89 1987-03-21 8 Peter Chia - Peter Chia Public Aftalra Manager Slock Exchange of Singapore Deer Sir The Stock Exchange of Singapore has noted the letter by "A Small Investor" published in the Business Times off March 7. It is not the policy nor is it appropriate for the Exchange to respond89 words
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268 1987-03-21 8 Robert Lim - Robert Lim Secretary Brtllah Alumni (Singapore) Dear Sir I was pleased to see your article dated 10/3/87 about the inauguration of the British Alumni (Singapore). Britain, as your article perhaps implied, is not the last member state of the United Nations to268 words
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103 1987-03-21 8 DERRICK TAN - DERRICK TAN Corporals Communications Officer Telecoma Dear Sir We refer to the letter "Telecoma should look into private delivery services" by Mr John M Carter (Business Times, March 14, 1987). We recognise that companies and organiaations in Singapore need to send urgent103 words
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710 1987-03-21 8 GREGORY JENSEN - You wouldn't think that eavesdropping could become a national industry. But three young Englishmen who started spying on their neighbours on a large scale have done just that. Fifty years later, "Mass-observation", as the snoopers' organisation is called, carries on its activities althoughUPI - 710 words
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199 1987-03-21 8 LEONG-HO AN CHAN (Mrs - LEONG-HO AN CHAN (Mrs) Dnt sir I refer to the article, "Record turnout for ministry briefing" (BT March 18) by Ms Monica Gwee. The article said "Last year's total (courtesy) campaign budget was $750,000 with an additional $500,000 for the mass communications programme, including199 words
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223 1987-03-21 8 Dr C BAUBIM - Dr C BAUBIM Palmier Bern AkbengeeeWeche* (Representative Office, Southeast Asia) Dear Sir On March 10 you published an article about Daimler-Benz. I would like to comment as follows: During the introductory period of the completely new model range W124 (MB 200-300E), some technical problems occurred223 words
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127 1987-03-21 8 NG KIN MENG (Mrs - NG KIN MENG (Mrs) Dear Sir I refer to the article headlined "Four statutory boards show promise" carried on the back page of BT's weekend edition, March 14-15 1967. The article stated that four statutory boards have been identified by the Public Sector127 words
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Page 8 Advertisements
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Advertisement302 1987-03-21 8 ri m Xlil4lty SIQIQIEI wj7j The waywe wm Thr je»r in tlw year t« t I D I m To help you sort out the news reports of the past year, to unravel the statistics and uncover the state of the economy, Singapore Business has produced a Yearbook that takesi302 words
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Page 8 Miscellaneous
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Miscellaneous775 1987-03-21 8 ueu-. weu. T<yM>Y THomraon. ine «?*vts c*wu*jfc* i Neeo <T ro»? MV FiLOFAX.... I 122 CRYPTIC PUZZLE ACROSS 9 Want to have the same touch as? (4, 4) 10 He's one and a half laps back (3) 11 He had concealed the weapon, which was detrimental (6) 12 Drawing while775 words
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Executive Lifestyle
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Article389 1987-03-21 9 TAX INCENTIVES to encourage procreation have worried some employers, particularly those with mainly female staff. One financial services company is quite serious about drawing up a "pregnancy schedule" where senior female staff have to "book". Over at a public relations firm, senior women staff are jesting389 words
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Article303 1987-03-21 9 TRENDS A CASE OF smokeless duck? A totally non-smoking restaurant would be unusual In most countries, but In France, where 37.6 per cent of the population smoke, and where newspaper and magazine articles regularly ridicule American ant! smoking attitudes, Gerard Faeech's decision to ban smoking303 words
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Article, Illustration786 1987-03-21 9 LAWRENCE TAN - With LAWRENCE TAN ONE SHOULD have expected Fantasy Island a la Ricardo Montalban but the mini-bus ride from Kuantan airport in the Malaysian afternoon sun had put me at a disadvantage. As it was, as soon as the bus arrived at Club Med Cherating, the Brazilian welcomePicture by Kenneth Koh - 786 words
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Article, Illustration1340 1987-03-21 9 ASAD LATIF - By ASAD LATIF COME AND SEE ME, she said. It was an old and aristocratic voice, stately with the nuances which only the opulence of history can give. But a capricious youthfulness, too, seemed to bubble through it like a hidden stream. It was1,340 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration776 1987-03-21 10 SHAUN KOH - TELEVISION By SHAUN KOH WITH AN EMMY AWARD and a highly-successful news-feature programme to his name, not to mention the exhilarating experience of many decades in the business, one may think success is Robert MacNeil's middle name. Journalist MacNeil's latest endeavour, a nine-part series which776 words
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Article, Illustration481 1987-03-21 10 ROSIE TAN - COLLECTING By ROSIE TAN WHEN GERALD GENTA launched his favourite octaganal shaped watch, the very special octagon with no straight lines, he had no inkling that it was a good luck symbol for Asians. it was also a shape that has brought success to Genta. Sales481 words
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Executive Lifestyle: Entertainment, the Arts & Pursuits
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Article, Illustration668 1987-03-21 11 WALTON MORAIS - CINEMA By WALTON MORAIS ALTHOUGH LOVE presupposes the. right to look out for the other's well-being, just what exactly is good for two people in love is the question. This is the dilemma facing William Hurt in Children of e L»»*er668 words
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Article, Illustration803 1987-03-21 11 LISA LEE - ART By LISA LEE TALK TO Wong Mei-Sheong and it's like talking to a young woman filled with a zest for life, what with a skiing holiday in France, a recent marriage and a host of relatives and friends in a few countries at803 words
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Article, Illustration780 1987-03-21 11 RICHARD SEAH - HEALTH H RICHARD SEAH WINNERS of a lucky draw at the annual dinner of the National Productivity Board recently received, among other things, bfood pressure monitors and pill boxes. Much can be read into the coincidence that one of the prize donors happened to780 words
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571 1987-03-21 11 THE FOOD TEAM - FOOD By THE FOOD TEAM CONSIDERING the amount of shark's fin eaten by gourmands, one wonders just how long it will be before sharks become the world's most endangered species. After all, only the fins matter the rest of the shark goes571 words
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Article665 1987-03-21 11 CINEMA: Over The Top starring Sylvester Stallone, Robert Loggia and Susan Slakely. Showing at Cathay: 11; 1.30; 4; 6.30; ML Vindicator starring Terri Austin, Pam Grier and David Mcllwraith. Showing at Capitol: 11; 1.45; 4; 6.30; 9.15. Tho Golden Child starring Eddie Murphy and Charlotte Lewis. Showing at Jade:665 words
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Article348 1987-03-21 11 SHORTTAKES Agencies WHAT'S NEW on Madison Ave? Cynicism, believe it or not. New York's advertising street appears to have abandoned the warm, patriotic themes that were widely used in advertising for several years. Advertisers are returning to an old-fashioned emphasis on product quality and lendingAgencies - 348 words
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Executive Lifestyle: Sports
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Article679 1987-03-21 12 Brian Miller - on TMCK with Brian Miller VISITING JOCKEY Taffy Thomas, who broke a sequence of 40 losing rides with a double at Kuala Lumpur last weekend, has got five mounts in today's nine-race card at Bukit Timah and he should land the goods early by steering679 words
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276 1987-03-21 12 AFP A LATE CHARGE down the home straight earned 13-2 shot The Thinker a thrilling victory in the richest ever Gold Cup in Cheltenham, England, on Thursday. After Chris Grant had led on 25-1 tip Cybrandian from the start to the last fence.AFP - 276 words
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Article, Illustration550 1987-03-21 12 WALTON MORAIS - GOLF By WALTON MORAIS TRUE TO HIS WORD, Art Russell playing steady golf to a one-stroke lead entering today s final round of the $81,000 Rolex Masters golf championship being played at Bukit. In a bogey-free round, the 38-year-old American550 words
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444 1987-03-21 12 ■BOXING Reuter THE PRETENDERS to Mike Tyson's throne are lining up and £|he king of the heavyweights has crossed the Atlantic to watch two Zj>t the leading contenders enter the ring for the dubious reward a world title shot. Tyson, whoseReuter - 444 words
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373 1987-03-21 12 AP DICK MAST, who has spent most of his career on golfs mini-tours, one-putted 10 times on the way to a 64 that gave him a one-shot lead on Thursday in the first round of the US$5OO,OOO USF and GAP - 373 words
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203 1987-03-21 12 AP MILLER BARBER survived an up-and-down first round on Thursday to firs a one-under-par 71, giving him a one-shot lead after 18 holes of the US$3OO,OOO Vintage Chrysler Invitational seniors golf tournament. Barber, 55, had five birdim and four bogeys on a windyAP - 203 words
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Article, Illustration340 1987-03-21 12 TENNIS AP AMERICAN CHIP HOOPER, ranked just 223 rd in the world, upset defending champion Joakim Nystrom of Sweden, 6-4, 64, in the second round of the U*****,000 ABN world tennis tournament on Thursday. In an evening match, John McEnroe, the tournament's fourth seed,AP - 340 words
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183 1987-03-21 12 AP TOP-SEEDED Jimmy Connors used a strong tiebreaker performance to finish off unseeded Greg Holmes, 6-2, 7-6 (7-2), in a second-round match on Thursday at the U*****,000 Painewebber Classic tennis tournament. Connors raced to a 3-0 lead in the tie-breaker, taking advantage of three consecutiveAP - 183 words
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Article, Illustration750 1987-03-21 12 MIKE THUMBA - BRIDGE By MIKE THUMBA AFTER THE OPENING BID has been made, the partner responds. The criteria for the response was discussed last week. And the next logical step is for the opener to decide whether his card-holding is strong enough to bid750 words
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Executive Lifestyle: Personal Investment
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667 1987-03-21 13 TIM CRIBB - PRECIOUS METALS By TIM CRIBB AFP GOLD STOCKS, star performers on Australian sharemarkets last year, are expected to be winners Z Iwhen a new Australian gold 'I -company is listed on domestic .exchanges in June, according to market analysts. Australian mining and industrial giantAFP - 667 words
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698 1987-03-21 13 RAMESH CHANDIRAMANI - FOCUS ON HONGKONG STOCKMARKET mm By RAMESH CHANDIRAMANI THE HONGKONG stockmarket, hitherto admired for its unending .V. series of rises since last Christmas, has experienced a serious mid-term correction. The widely-followed Hang Seng index has lost almost698 words
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Article, Illustration432 1987-03-21 13 Ramesh Chandiramani - CHART P|§§ INT Ramesh Chandiramani A FEW WEEKS AGO. I rang an early warning bell stating that the market was very close to setting a short-term peak and that readers should exercise caution in their dealings. A cross-section look at the432 words
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531 1987-03-21 13 ART WHILE SOTHEBY'S Art Index covers most of the collecting areas of the mainstream art market, there are many other sectors that have a significant international sponsorship even though these account for a smaller proportion of the market volume. The week under531 words
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Article, Illustration597 1987-03-21 13 LISA LEE - PHARMACEUTICAL STOCKS By LISA LEE THE AIDS (Acquired Immune Deficiency Syndrome) disease may not have brought down enough people to warrant an official campaign in Singapore, but elsewhere in the world, it has become the scourge of the century. In some countries, stories on Aids597 words
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Page 9 Advertisements
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Advertisement76 1987-03-21 9 Mx v '*>. js\ A Steel/gold with Diamond bezel. Showroom and Service Centre: Singapore Gerald Genta Geneve Scotts Centre •01-11 Tel *****27 Authorised Dealers: Singapore The Hour Glass Lucky Plaza *01 -36 The Hour Glass Scotts Centre *01 -09 The Hour Glass Peninsula Plaza *01-16/19 Kuala Lumpur The Hour Glass76 words
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Page 10 Miscellaneous
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Miscellaneous2656 1987-03-21 10 SIOISIO WATCH Renoir, Cagney and a bit of crime TODAY: A beautiful actress struggles to avoid the deadly politics and forbidden passions of Nazi-occupied France in Carota (10.05 pm, Channel 12). Leslie Caron and Mel Ferrer star in this drama written by the legendary film-maker Jean Renoir. Jessica Tandy won2,656 words
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Page 11 Advertisements
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Advertisement78 1987-03-21 11 SCO'HEQUE EXPERIENCE Happy Nm. Drinks by the glass at Vi price. From 3.00pm to '-i. 511 W&i > Challenge your taste buds with our mix aM match cuisines from a choice of 2 or more Mondays to Saturdays, Lunch, lea, Happy Hours, Dinner and through the nite su Pick your78 words
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Page 13 Advertisements
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Advertisement90 1987-03-21 13 Let BT show vou the rones for effective BT, Singapore's biggest business daily, hat two Aril pages on Management every Monday. This is sasential reading for all successful professionals and executives. Incisive management news is ferreted out by wr trained writers who comb the sectors and interview the management experts90 words
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SHARE INFORMATION
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Article, Illustration4283 1987-03-21 14 THE SINGAPORE stock market rallied yesterday, to the amazement of brokers and market operators alike. The Straits Times Industrial Index shot up 20.08 points to 1.051.95 while the BT Composite Index rose 19.74 points to 931.29. Total volume was 32.9 million shares worth $78.1 million, a4,283 words
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Article246 1987-03-21 14 SINGAPORE Rises If* )|Cf| Mart* 19 Mm* 30 Gerrtngi *90 55 911.55 931.29 o c c *50 40 •TOt/OS ■330 -179 m 30 it cadi •*340 •*375 Spore Land UIC *15 30 it oov *****4 *****3 303 30 TT tirti giluh 1031.17 1051.95 Metre HMga Na M246 words
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Article3711 1987-03-21 14 BID and offer prices officially listed and bminssa In and reported to the Stack Exchange of Singapore yssterday with the number of sharee traded shown in brackets in lots of 1.000 unit» unices otherwise specified. All Time Settlement Contracts are quolsd after the word "SETT".3,711 words
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Article116 1987-03-21 14 THE WILKINSON PROCESS Rubber Company Bertead: 55th AGM at No 70. Jalan Ampang, Kuala Lumpur, on Monday, March 23, at 2.30pm. GENERAL SECURITIES Investments Limited: 12th AGM in the Function Room of The Development Bank of Singapore Ltd, 45th Storey, DBS Building, 6 Shenton Way, Singapore 0106. on116 words
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Page 14 Advertisements
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Advertisement9 1987-03-21 14 KL market report, Business done on tho KLSE, 159 words
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COMPANY NEWS
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514 1987-03-21 15 AMY CHEOK - By AMY CHEOK SHANGRI-LA HOTEL LTD. the listed hotel company controlled by the Kuok group, has recorded much higher profits last year in spite of the dismal conditions in the local industry. For the year to end-December 1966, Shangri-La reported group pre-tax514 words
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Article184 1987-03-21 15 THE London-based Kuwait Investment Office has upped its stake in Singapore Land to 7.1 per cent following its latest purchase of 1.5 million sharea on Feb 25 for $10.25 million or an average $6.83 a share. The KIO, the investment arm of the Kuwait government,184 words
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504 1987-03-21 15 AMY BALAN - By AMY BALAN CONTINUAL BUOYANCY in the life insurance sector hes enabled blue-chip Great Eastern Life Assurance Co Ltd to report a 6.8 per cent growth in the surplus attributable to shareholders who are being rewarded with a one-for-10 bonus issue and higher final dividend.504 words
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Article2609 1987-03-21 15 BID and otter prtcM officially' listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown In brackets In lots of 1,000 units unlees otherwise specified. INDUSTRIALS Acma 1180® 200 SI AJtaomota 0188 320SJ (3) 3202,609 words
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Article937 1987-03-21 15 BUYING for next week's new account was largely responsible for sending share prices higher at yesterday's opening, along with another record high on Wall Street overnight. By 0805 GMT, the FTSE 100 Index was up 11.1 to 2,002.1. On Thursday, the FTSE 100 closed 15.6 lower at 1991.0,937 words
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Article114 1987-03-21 15 HONGKONG Hongkong Indox Friday *****7 Thursday 1745.60 Week ago 1744 75 Hong Song Indox Friday *****5 Thursday 2721.28 Weak ago *****7 All Industrials Friday ***** Thursday 2575.6 WmI ago 2581.1 NEW YORK Dow Jones Thursday *****7* Wednesday *****3 Weak ago 2267 34 TOKYO Nikkei Avorago Friday *****47 Thursday114 words
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Article249 1987-03-21 15 Managers' prices for March 21 23 Singapore Unit Trust The Comtci 1 02 1.10 The Savings Fund 089 096* Spore frog Fund 041 045 S'por* W Fund 0 66 0.74 Spore Invest Fund 0 76 0 82 Spore Equity Fund 049 0 j3 Asia Unit Trust Mai low)249 words
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468 1987-03-21 15 RENEWED BUYING interest in the afternoon enabled the Kuala Lumpur stock market to finish mixed to firmer yesterday in moderate trading. Except for selective counters, most stocks were traded within narrow margins. A broker said some foreign investors were showing keen interest in selective468 words
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Page 15 Advertisements
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Advertisement121 1987-03-21 15 THE SHIPPING OF INDIA LTD. (A Government of India Enterprises) Shipping House, 245 Madame Cama Road, Bombay 400 021 Tender Notice Leasing of Dry Cargo Marine Containers on Finance Lease or Long Term Lease or on Outright Purchases. Sealed tenders are invited for dry cargo marine containers on Finance Lease121 words
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Advertisement8 1987-03-21 15 i lanage BT shows you how every Monday.8 words
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Advertisement171 1987-03-21 15 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, South East Ocean Shipping Pte Ltd of address 5611 North Bridge Road, Eng Cheong Tower #02-07, S'pore 0719 hereby give notice that In consequence of changing of ship name due to the change of owner, we have applied to the Registrar171 words
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Advertisement378 1987-03-21 15 NOTICES IN THK MATTER OF TAN-OH ENGINEERING PTE LID. (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF PINAL 14 111 NOTICE IS HEREBY GIVEN pursuant to Section SOS of the Companies Act, (Chapter 186) that a Final General Meeting of the Members of the abovenamed Company will be held 101-A Upper Cross Street.378 words
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Advertisement290 1987-03-21 15 Ufc >: i I'fVn «T THE COMPANIES ACT, CAP. ISB At an Extraordinary General Meeting of the Members of Golden Melody (Pte) Ltd daly convened and held at 5001 Beach Road. #04-11 Golden Mile Complex, Singapore 0719, on the aoth day of March 1907, the following special resolution was duly290 words
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Article189 1987-03-21 16 Bernama ES THE NEW BOARD of Multi-Pur-pose Holdings Bhd (MPHB) will not go on a "witch-hunting spree" but will get on with the work to spruce up the company, says newly-appointed chairman Robert Kuok. Kuok, who assumed the position five weeks ago followingBernama ES - 189 words
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Article57 1987-03-21 16 AFP A SINGAPORE-REGISTERED tanker ran aground on a rocky Pacific coast near Tokyo yesterday. One of its six South Korean crew members was killed. The 225-ton No. 16 Eiki-Maru developed engine trouble overnight and was swept onto a reef near Shimoda. The ship is owned byAFP - 57 words
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Article, Illustration452 1987-03-21 16 ALVIN TAY - Asking price expected to be at least $24m By ALVIN TAY, Banking Correspondent INDUSTRIAL and Commercial Bank (ICB) has finally decided to sell the 16-storey Dunn House through open tender, a move apparently buoyed by news of major commercial property sales in452 words
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Article74 1987-03-21 16 AFP THE IDEA of an Asean common market has not yet won support from member-countries, Indonesian Foreign Minister Mochtar Kusumaatmadja said yesterday. Mr Mochtar said "in general, the idea of a common market has received no support" in several consultations he has had with AseanAFP - 74 words
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327 1987-03-21 16 Bernama ES IS REGIONAL cooperation among Aaean nations in the agriculture sector possible, given their similar and at the same time competitive and protective agro-based economic structures? This was the theme of a workshop discussion on Asean economic cooperation in food and agriculture atBernama ES - 327 words
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191 1987-03-21 16 THE SINGAPORE High Court yesterday ordered Sigma International, a company associated with jailed Malaysian businessman Tan Koon Swan, to be wound up. The four banks which petitioned for Sigma's winding up are owed a total of $10.67 million. Mr Justice A P Rajah191 words
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Article93 1987-03-21 16 THE MINISTER for Trade and Industry has extended the appointments of Mr Othman Wok. Mr Robert Guy. Mr Sonnie Lien and Mr Tan Jee Say as directors of the Singapore Tourist Promotion Board (STPB). According to the latest government gazette, the minister has extended Mr Wok's appointment93 words
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Article, Illustration213 1987-03-21 16 MONICA GWEE - By MONICA GWEE SOME LOVED IT. Others hated it. Some saw the message at once, others were confused. "It" was a full-page, full colour illustration in The Straits Times showing two men looking at building facades. The message at the bottom was: ''For the213 words
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448 1987-03-21 16 Ogilvy Mather walks away with a record haul OGILVY MATHER triumphed as Singapore's most creative agency with a record 'haul of 17 gold awards at the 1967 Creative Circle Awards the advertising industry's Oscar night last night. The agency won seven more golds than it did last year. It also448 words
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369 1987-03-21 16 Bernama MALAYSIAN Trade and Industry Minister Tengku Razaleigh Hamzah yesterday denied allegations that he was responsible for approving the sale of UMBC shares to the Malaysian Chinese Association, a matter which was raised at the 1981 United Malays National Organisation general assembly. Tengku RazaleighBernama - 369 words
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340 1987-03-21 16 Reuter TRADE MINISTERS and officials from around the world are meeting in New Zealand next week to review progress since the last full Gatt meeting in Uruguay last September. More than 20 countries and the European Community will be represented at theReuter - 340 words
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Article84 1987-03-21 16 COMEX gold futures yesterday were trapped inside of Thursday's trading range with small morning losses. Gold for delivery in April was off US$O.7O at $405.40 an ounce after a high/low range of $406.00 to $405.00 versus Thursday's $406.30 to $404.60. Comex silver futures broke through important84 words
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Article63 1987-03-21 16 WALL STREET investors began the long-awaited triple witching session by bidding stocks past the Dow Industrials 2300 level yesterday. Trading volume remained moderate, however, as concern about the expirations injected a cautious tone into the market. The Dow Jones Industrial Average rose seven points to 2308. Advances63 words
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LATE FILE
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Article40 1987-03-21 16 Reuter SOUTH KOREA had a current account surplus of mora than US$l billion in tha first two months of this yaar thanks to soaring axports and incraasad tourism aarnings. Bank of Koraa officials aaid yesterday. ReuterReuter - 40 words
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Article47 1987-03-21 16 UPI HONGKONG will remain a thriving opportunity for the expanaion of US foreign trade up through and beyond the 1997 takeover of the terri* tory by China, said Billy Lam r the director of Hongkong'* Economic Affairs Office in San Franciaco. UPIUPI - 47 words
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Article42 1987-03-21 16 AFP A HIGH-POWERED Indonesian delegation which will attend a UN disarmament conference in Beijing next week "will not avoid it" it approached by Chinese officials to discuss bilateral relations, Foreign Minister Mochtar Kusumaatmadja said yesterday. AFPAFP - 42 words
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Article55 1987-03-21 16 AFP RETAIL PRICES in Britain rose 0.4 per cent in February, the same increases recorded in January and in February 1988, according to official statistics published in London yesterday. Year-on-year inflation in February was also stable compared with January, at 3.9 per cent, and 5.1 perAFP - 55 words
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Article45 1987-03-21 16 AFP THE REAGAN administration will ask Congress next month to approve "substantial" shipments of arms and milh tary equipment including jet fighters and tanks, to Turkey, Greece and Portugal, US State Department and Defence Department officials said yesterday. AFPAFP - 45 words
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Page 16 Advertisements
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Advertisement526 1987-03-21 16 /^geCNTheGreat Eastern Life Assurance □35/ Company Limited 4 l > llncorporated n Switfapurri AUDITED RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1986 The Directors are pleased to announce that the audited surplus attributable to stockholders of the Company and the Group for the year ended 31st December 1986 were 1986526 words
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Page 16 Miscellaneous
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Miscellaneous44 1987-03-21 16 \S3SQDBI3a Outlook: Showers ovtr many 7.90pm on March 20 at Via air* port Maximum twaparaMro 53.3 Asaodatsd humidity 01 ill,,limnorahira 1 MnminHll IPn|PViMW I Asaodatsd humidity 07 Hours of sunshlno 7JO Rainfall In mllllmoiroa 1.0 Rainfall Ms month 125.1 Rainy days Ms month 044 words
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