The Business Times, 29 August 1987

Microfilm: NL15925
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES MCI (P) 112/12/86 Weekend Edition, August 29-30 1987 75 CENTS
    12 words
  • Article, Illustration
    FINANCIAL NEWS SUMMARY
    210 1 STOCK MARKET SHARE PRICES continued to fall across the board in light trading yesterday with losers overwhelming gainers by 159 to 29. The Straits Times Industrial Index lost 11.71 points to 1482.71 while the BT Composite Index fell 9.17 points to 1307.46. Full report, Page 14; World
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  • Article
    Stockbroking houses handing out fat interim bonuses
    514 1  -  By AMY BALAN GOOD TIMES are here again; never mind those late nights. Staff of stockbroking firms coping with massive mountains of paperwork arising from record trading volumes are being rewarded with interim bonuses ranging from one to three months' salary and a
    514 words
  • Article
    US report optimistic about Singapore's economy
    382 1  -  Foreign investment estimated at US$5Bl m in non-petrochemicals sector By ANNA TEO A VOTE of confidence in the Singapore economy has been taken this time by the American Embassy in its latest Foreign Economic Trends report on the Republic. The optimism stemming from Singapore's
    382 words
  • Article
    The 'best bets' sectors for American investors
    455 1 ELECTRONICS, aviation, computer peripherals, machine tools and medical equipment rank high on the US embassy's checklist of "best bets" sectors for prospective American investors. These and other industries are identified by the embassy's commercial sector in its latest Foreign Economic Trends report on
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  • Article
    Lock icon Philippine military says it is back in control after coup attempt
    456 1 Reuter THE PHILIPPINE military said yesterday that it hac* regained control of all positions in Manila seized by rebel troops in the bloodiest coup attempt of President Corazon Aquino's 18-month rule. Fighters, armoured vehicles and artillery were used in
    Reuter  -  456 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      230 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM SINGAPORE COMPANIES which have frozen new investments for various reasons should review their positions, says the Acting Minister for Health, Mr Yeo Cheow Tong. HOME NEWS, Page 2 MALAYSIAN Prime Minister Dotuk Seri Dr Mahathir Mohamad said yesterday the law should not be used
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    • Advertisement
      Page 1 Advertisements Column 2
      3 1 Focus, Pag* 4
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    • Advertisement
      Page 1 Advertisements Column 3
      150 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM I Arty-smarty living Page 9 I PtrsMai Trtvis Regardless of race, language or religion Page 9 Why you should take less salt Page 10 TV programmes for today and tomorrow Page 10 Ms to Mated A River Reborn and the Carpenters Page 10 iuvtoui
      150 words
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  • HOME NEWS
    • Article, Illustration
      Companies urged to review investments
      315 2  -  By TONG SUIT CHEE SINGAPORE COMPANIES which have frozen new investments for various reasons should review their positions. Mr Yeo Cheow Tong, the Acting Minister for Health, said this when he opened the Chemical Industries Employees Union Second Triennial Delegates Conference at Hotel Equatorial yesterday.
      315 words
    • Article
      Council picked to decide MRT fares
      303 2 MERCHANT BANKERS, trade unionists and a consumer advocate will be among a group of 13 people who will have the final say in setting Mass Rapid Transit (MRT) system fares. They belong to the newly formed Public Transport Council which was set up to
      303 words
    • Article
      Gradual dip in car population In spite of more vehicles registered
      212 2 THE CAR POPULATION is slowly rolling downhill, in spite of an increase in the number of cars registered. Latest figures from the Registry of Vehicles show that there were 221,918 cars on the road in Singapore as at the
      212 words
    • Article
      SIA buying $1m worth of loading devices
      126 2 SINGAPORE AIRLINES has ordered $1 million worth of aircraft loading devices to prepare for its first all-freighter aircraft to be delivered next year. The aircraft unit load devices comprise pallets and special containers for perishables, livestock, cars and outsized cargo. The new purchases
      126 words
    • Article
      Designer furniture at more affordable prices
      333 2 A WHOLLY-OWNED subsidiary of Business World Services Pte Ltd, the office furniture and fittings specialist, opens today. Abraxas, on the second floor of The Promenade along Orchard Road, is aimed at developing the market for affordable designer furniture and fittings for the home in
      333 words
    • Article
      Oil companies scramble to cut prices
      355 2 A RUSH began yesterday as Singapore's oil companies scrambled to play follow-the-leader with Esso, which cut its petrol pump prices two days ago. Shell. Mobil. Caltex. BP and SPC all announced cuts yesterday in petrol and diesel pump prices which match or better Esso's.
      355 words
    • Article
      MRT prepares for detrainment
      245 2 WHAT SHOULD PASSENGERS and the operators of the Mass Rapid Transit railway do when there is a detrainment? Having to get passengers out of the trains when the trains are not even in operation may sound hypothetical, but the Mass Rapid Transit Corporation (MRTC) is not
      245 words
    • Article
      Tan Chin Nam to be new chairman of computer board
      410 2 THE DEPUTY CHAIRMAN of the National Computer Board, Mr Tan Chin Nam, has been appointed chairman with effect from Sep 1. Mr Tan, who was the board's general manager for four years before being appointed to the post of deputy
      410 words
    • Article
      Entries for young inventor award
      108 2 STUDENTS below the age of 18 are invited to vie for the Young Inventors' Awards given by the Tan Kah Kee Foundation. The prizes include three gold awards of a pure gold medal and $5,000 in cash each; 10 silver awards of a silver medal
      108 words
    • Article
      Computer firm seeks GM to head China operations
      224 2 SOFTWARE TECHNOLOGY, a consortium of seven local software. computer training and management consultant companies, has established bilateral business cooperation with the computer industry of China and is looking for a general manager to head its operations there. In an advertisement for this
      224 words
    • Article
      How printer keeps its competitive edge
      190 2 IN THE HIGHLY competitive printing industry, one firm has managed to maintain steady growth for 15 years by identifying a niche and specialising in it. Huntsmen Offset Printing has concentrated on school textbooks and general informative books since its formation. It was a strategy
      190 words
    • Article
      NUS convocation
      69 2 THE National University of Singapore will be awarding a total of 4,638 first degrees and 340 higher degrees to graduates at this year's convocation. The convocation will take place from Sep 2 to 6 at the Kallang theatre with two ceremonies to be held each day. President Wee
      69 words
    • Article
      IT systems must be cost-effective: Dr Chew
      490 2  -  By JEFFREY TSANG HEAD OF CIVIL SERVICE Dr Andrew Chew yesterday sounded a note of caution on the implementation of information technology, reminding government servants that all information technology (IT) systems must be cost-effec-tive. At the Civil Service Computerisation Programme Seminar attended by
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    • Article
      SHIPS IN PORT
      1352 2 AT CONVENTIONAL WHARVES Haropon Somudero M2A olongside 29 06,'2300 Hong Eng M36 olongside *****)600 Vwd Barth Arrival Departure Mitra Joyo Proltwi MIC M3A alongside alongside 29 06/0500 29 084)600 KEPPEL WHARVES A boa Joyo M4B 29 064)800 29 08/2359 Anonos K2I olongside 3006/2300 loogso M4A 29 06/1800
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  • Page 2 Advertisements
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  • OVERSEAS
    • Article
      Lock icon US urged to slow its soaring foreign debt
      265 3 Reuter THE US. which has moved from being a net creditor to the world's biggest debtor nation in a matter of years, must rein in its soaring foreign debt, a senior US central banker said on Thursday. "No one can have an
      Reuter  -  265 words
    • Article
      Lock icon Fall in Japan's jobless rate sharper than expected
      353 3 Reuter JAPAN HAS REPORTED an unexpected tumble in the number of its unemployed in July, showing signs of a sharper upturn for the economy than economists had expected. The government said its jobless rate was 2.7 per cent in July, down substantially
      Reuter  -  353 words
    • Article
      Lock icon Tokyo pursuing steady defence improvement
      325 3 AP THE GOVERNMENT said yesterday that Japan will pursue a steady improvement in its defence, while limiting itself to a "moderate" capability even though it has scrapped a 10-year-old policy that limited defence spending to one per cent of gross national product. The defence agency's
      AP  -  325 words
    • Article
      Lock icon Law should not be used to hamper progress: Mahathir
      408 3 Bernama MALAYSIAN PRIME Minister Datuk Seri Dr Mahathir Mohamad said yestarday the law should not be used as a tool to hamper the government's development efforts. "If this country is going to progress, the law should not be used to frustrate
      Bernama  -  408 words
    • Article
      Avis and Hertz to operate in India by end of year
      504 3  -  From SHIRISH NADKARNI in Bombay "WE'RE number two so number one cannot afford to take it easy." The product whoee campaign has become an international hit Avis Rent-A-Car will soon be seen on Indian roads, along with its main
      504 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      521 3 ZJZ BL 1" T A W a 36 different focal lengths and a built-in macro lens can put you in a front row-i Unretouched photograph taken with a standard 35 mm camera, 64 speed film. Unretouched photograph taken with the Pentax SFX with same film, same light Pentax introduces the
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      58 3 iTTTt poamsmxY! m sorry, THE HELL HAHOTTy SIR... x YOUMOH&MT/ Z \LAST CONSIGN/ f M£MOFPX.' uhoopees* USTEN, SAL. NO MORE HIPPIE HOUMYS! IF YOUR PEOPLE WANT TO CAVORTUJTTH SPOOKS, LST THEM PO IT ON THEIR OmNTIME! V- 60T/T* f EXCUSE ME, SIR, THERMS A MLUAM CASEY HERETOSEE t*/. UH..LET ME
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    • Miscellaneous
      Page 3 Miscellaneous Column 2
      35 3 Now MN Now York Rio 'Jonoiro Rom* San Frb'co San Juan jormoyo Soo Paulo Sooul Tftri rlrii n Im jFOCXnOWTi Sydnoy Toipoi Tol Avf* Tokyo Toronto yanoowvor Vlonna Wonaw VA/ -t-| 1.1 I t am*>yTor
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  • FOCUS
    • Article
      Lock icon Show of force against Aquino
      753 4 Yesterday's attack on Manila's presidential palace by dissident soldiers has been the most serious challenge to Aquino's government to date, raising unease among businessmen in the country. Focus examines the development. NYT DISSIDENT soldiers in the Philippines attacked the presidential palace yesterday, took over portions
      NYT  -  753 words
    • Article, Illustration
      Lock icon Investors jolted
      403 4 Reuter THE PHILIPPINES' latest coup attempt, the most violent in President Corazon Aquino's 18 months in office, will severely affect business confidence and create renewed uncertainty for investors, analysts say. Finance Secretary Jaime Ongpin, asked for his reaction to the takeover of parts of three major military camps
      Reuter  -  403 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    513 4 ARRIVALS Operator S*rvic* Local From numbor tim* GtA GA13)8 1805 JEO/SHJ ML JL713 1810 OSA SU SQ21 1820 LHR PAL PR503 1825 MNl SU SQ7 1825 NRT/TPE su SQ55 1830 PEK/SHA MAS MM685 1835 rut SAS SK973 1835 CPH/IKK MNL SU SQ81 1840 JAT JU580 1840 KG/DX8
    513 words
  • COMMODITIES
    • Article
      Rubber
      222 4 SINGAPORE The market yesterday closed higher with Sep One RSS buyers quoted at 222.00 cents/kilo, up 3.50 cents from Thursday. The morning session firmed 3.50 cents mainly on short-covering and buying interest of nearby positions. A technical squeeze on the September position also contributing to the upward trend. Turnover
      222 words
    • Article
      RAS and MRELB
      277 4 RAS prices in s cmmq, fob m t»i« NOON CLOSE Buyers Sollors Buyors SeHen lot 1 RSS Prompt 222.00 223.00N 222.00 223.00N lr*t 1 RSS S*p 87 222.00 223.00 222.00 223.00 tot 1 RSS Oct 217.00 217 JO 217.25 217.75 lot 2 RSS OP 217.00 219.00N 217.00
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    • Article
      SSR and SMR
      82 4 (canrt/kg, 1-ton poMan) SEPTEMBER 87 OCTOBER 87 (currant month) (forward month) NOON NOON RAS •vyan Saltan Ivyan S«H«n SSR 30 198-50 200 SON 198.50 200 5ON SS* 50 197.00 198.00N 197.00 198.00N MRELB kjyan Saltan •vyan Saltan SMg cv 266.50 268 50H 267.50 269.50N SMt L 266.50
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    • Article
      KL Tin
      141 4 THE PRICE of tin flrmad 15 cants on tha Kuala Lumpur Tin Markat to cloaa at M 516.93 a kilo on procovarlng. Thursday's rtaa fallad to ■top conttnuad strong bkto of 375 tonnaa at tha opanIng wtiila offara wara notad at only 60 tonnaa. Tha gradual Incraaaa In
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    • Article
      Palm Oil
      233 4 KLCE palm futures on Aug 28 Palm oil P*<Nfy MonOi M Met A* MM Mflh Urn T/OMI (Mi) O'p HMhra S*P 705fi 725n 720 719 725 717 79 555 Oct 712 720 721 719 722 718 48 1443 Nov 710n 719 721 719 722 717 196 1546 Dm
      233 words
    • Article
      Jakarta in joint venture with Tokyo
      204 4 INDONESIA, already supplying more than half of Japan's liquefied natural gas (LNG), yesterday expanded sales with a large new contract. It also established a special joint venture company with the Japanese to sell the gas. Indonesian Energy Minister Subroto said it was part of
      204 words
    • Article
      Produce Prices
      290 4 Chinese Produce Exchange Sellers' noon doting prices on August 28 (SS/100 kg) Coconut oil Bulk FOB 95.00 0«d drum FOB 105.00 Ntw drum FOB 109.00 Copra Mixed (loose) 56 sellers Pepper Muntok whit* FOB NLW 1192.50 Sarawak white FOB foq NLW 1177.50 Sarawak special black FOB NLW 935.00
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    • Article
      Oil and Products
      68 4 A HIGHLY-SPECULATIVE market with bullish sentiment taking root for the second consecutive day on the back of paper crude. USS/boml Oong« Dubai (Oct) W|* T«IO< 17.20 -0.05 WW (Oct) 19.64 -t-aio Products (FOB S'pore) USS/barr*i Oiang* Karawa Gawfl Low Sulphur Waif InhU, LSWt 23.40 2au 17JS USS/tama
      68 words
    • Article
      Soybean
      58 4 SOYBEAN futures in Chicago closed IV* to 3Vi US cents higher on Thursday, with nearby September off V'« cent, in moderately light trading. November closed up I'/« cent at US$5.l4. Soyoil futures closed 0.04 cent a pound lower to unchanged, and soymeal closed US$3.OO to US$O.3O a tonne higher.
      58 words
    • Article
      Wheat
      55 4 WHEAT futures in Chicago closed up one to off IV* US cents in light trading on Thursday, with September up one cent at USs2.7B'/4a bushel. Corn futures closed 1 V» to cent higher, with distant December settling cent lower, in moderate but directionless trading. September closed up 1 'A
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    • Article
      Precious Metals
      307 4 HONGKONG: Gold closed steady in fairly quiet and dull trading in the absence of fresh factors yesterday. Gold price movement was largely dictated by the US dollar, but the metal moved within a tight US$l range. Investors stayed away, assessing the lack of significant progress in efforts to
      307 words
    • Article
      London Markets
      314 4 London Commodity Exchange Buyer/SeHer doting prices en Aug 27 (I/tome unlets specified). Previous doting prices in 01 irt i# i i CoffM Both in-store London, tellers option OF London Sep 1300/1305 (1298/1300) High/Low 1300/1283 Nov 1335/1336 (1325/1330) High/Low 1335/1317 Soies (4814) Cocoa Sep 1267/1270 (1277/1279) High/Low 1284/1269 Dec
      314 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      61 4 rI 1| \1 Tr I Yl The business person's choice, every I I II 111 I Tuesday, Thursday. Saturday and I 1 Mm 1 F| I 1 f Sunday. Leaving Changi Airport at J- VyX l A 22:05 hours and arriving at Lester B. Pearson International Airport the following day.
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  • BANKING AND FINANCE
    • Article
      Lock icon Dollar in tug-of-war between economics and central bankers
      307 5 Reuter THE DOLLAR'S value, on which hang prospects for growth and inflation around the world, is now subject to a tug-of-war between economics and central bankers. On one side, an unexpectedly weak US economy with a rising trade deficit is depressing its
      Reuter  -  307 words
    • Article
      Comex gold/silver futures
      3 5
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    • Article
      Options
      658 5 CURRENCY FUTURES OPTIONS IMA A Thurtdoy, August 27 1987 BMTISH 1 POUND £25,000; c «nta par tMki MM S«p-e Oa-c la Opp< 1 8*p-p OcH» Opp-p 1600 3.03 2.80 3.93 1625 1.03 l_50 2.70 1630 0.23 0.70 1.75 1673 0.05 0.40 1.13 1700 0.004 0.75 1725 0.004 ai5 0.43
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    • Article
      Government securities market
      77 5 Treasury bills Period Issue Yesterday's dosing Day's code Maturity RID OFFER HIGH LOW 3 months 6 months 1 year BQ*****H BS*****Z BY*****S 26.11.87 3.13 21.01.88 3.23 30.06.88 3.33 3.03 3.13 3.23 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID OFFER HIGH
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    • Article, Illustration
      World interest rates
      196 5 Indicates the average of the prim* landing rata* of 12 major banks In S'pore > Interbank market rates (offer/bid) on Aug 28 us$ DM SWFC Y«n 7 do 7 6 7/0 1/2 1/4 4 1/1-4 J 3/4 1/2 3 3/4 3/0 1 in#i 7 1/0 7 10
      196 words
    • Article
      Amex introduces 24-hour refund
      274 5 SINGAPOREANS travelling with American Express travellers cheques to the Asian-Pacific region, including Australia and New Zealand, are now able to claim refunds outside normal office hours when their travellers cheques are lost, stolen or mislaid. They can do so from the Holiday Inn (since January 1987)
      274 words
    • Article
      Simex/IMM
      540 5 DECEMBER Eurodollar gapped sharply lower at 92.14 at the Simex opening following a weaker US dollar, higher-than-expected reserve borrowing and Henry Kaufman's forecast of a still-weaker dollar. Prices eased off to 92.10 on rumours of wider Japanese trade surplus, but short-covering saw December edging to the high of 92.16
      540 words
    • Article
      Lock icon KL finance companies' deposits lower
      472 5 Marginal increase in loans Bernama DEPOSITS of finance companies in Malaysia declined by M 516.5 million or 0.1 per cent in the first half of the year compared with a growth of 0.6 per cent or M 583.6 million in the corresponding period last year.
      Bernama  -  472 words
    • Article
      Asian dollar market
      293 5 ASIAN dollar deposit rates closed firmer yesterday compared with Thursday's levels in light trading. A continued high US federal funds rate and a fall in bond prices contributed to the firmer trend. Weekend closed at 7 6J4 per cent, up 3/16 point from Thursday night's close and
      293 words
    • Article
      Money markets
      60 5 THE OVERNIGHT RATE on the Singapore interbank market fell 4'/« points to per cent yesterday. Onemonth term rate fell 1/16 point, two-months up 1/16 and three-months up r i S$ Interbank rates at 7pm yesterday: OWW MO nigN 1/4 1/$ 1-momh 4 1/16 3 IS/16 2-monrti 4 3/16
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    • Article
      Forex markets
      772 5 SINGAPORE: The US dollar yesterday closed mixed against major currencies from New York's levels in active trading. Sentiment for the dollar remained bearish, but selling interest was restrained by Bank of Japan intervention and supportive comments by Japanese Finance Minister Kiichi Miyazawa. The dollar ended little changed against
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      308 5 August 27-30,1987 Halls 3,4,5; World Trade Centre '87 Over 350 companies from 24 countries are displaying the latest IT products and services at Singapore Informatics '87. The biggest event of its kind in Asia, the exhibition is organised as part of the Singapore Information Technology Week '87 and occupies three
      308 words
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  • WORLD MARKETS
    • Article, Illustration
      Lock icon Exxon sues Texaco for US$123.6m
      265 6 Reuter EXXON CORP has filed a federal lawsuit against Texaco Inc seeking U*****.6 million for what it said was Texaco's share of a bil-lion-dollar oil overcharge judgment. The lawsuit filed in Houston stems from a US supreme court ruling that let stand a lower court's
      Reuter  -  265 words
    • Article
      Lock icon Dollar fears send Dow lower
      1006 6 New York Reuter PROFIT-TAKING pounded the market lower on Thursday for the second straight day in a session characterised by nervousness about the dollar's continued erosion. A declining bond market and rising oil prices also contributed to Wall Street s nervousness about interest rates and
      Reuter  -  1,006 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      788 6 f J.: V PLEASINGLY HYATT Discover the world of sensational Singaporean dishes in a buffet. Taste Chinese. Malay, Indian and Nonya specialities in one meal. At Plum's, daily for lunch and Friday and Saturday for dinner. Price: $20*. A fabulous one-stop gourmet's dream! Wmm iiiiiiiiiiiiiiinimi > -O" a nKKBESS The
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    • Advertisement
      Page 6 Advertisements Column 2
      225 6 Singapore Airlines and Mandarin Singapore present ASIAN GQvmsr 27 August to September 13 1987 A one-stop tour of the food, fashion and culture of seven countries. At The Mandarin Hotel Reception Hall (stk floor, South Wing). Special performances Indonesia: August 27 to 29 Dances of Tana Toraja (South Sulawesi) by
      225 words
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  • WORLD MARKETS
    • Article
      Lock icon Bond's HK unit chalks up HK$178m profits
      221 7 AFP AUSTRALIAN TYCOON Alan Bond's Hongkong foothold, Bond Corp International Ltd has announced a net profit for the first six months of 1987 of HKJ178.7 million. The Hongkong unit's board announced an interim dividend of 2.3HK cents per share with a final dividend
      AFP  -  221 words
    • Article
      Lock icon Bond Media pays no dividend
      221 7 Reuter BONO MEDIA LTD. Bond Corp Holdings Ltd's electronic media offshoot, said it would pay no dividend on net profit of A 58.96 million achieved in its first financial year. The company, set up after Bond's A 51.05 billion purchase of Kerry Packer s Australian
      Reuter  -  221 words
    • Article
      Untitled
      1254 7 Selected indices HONGKONG Hongkong Index F ridoy 2,365 59 Thursdoy 2.***** Week ogo 2 256 78 Hong Song Index Friday 3.****** Thursdoy *****3 Wm4 ogo 3.446 59 All Industrials Friday 3.175.2 Thursday 3.1602 Week ogo 3.099 1 NEW YORK Dow Jones Thursday 2.***** Wednesday 2.***** Week ogo 2.706 79* TOKYO
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    • Article
      Lock icon Swire reports 79pc rise in net profits
      66 7 AFP AVIATION and property concern Swire Pacific Ltd has announced a 79.1 per cent-jump in net profits from a year earlier to HK$l.l billion in the year to June. The company, a subsidiary of London-based John Swire and Sons Co. attributed the result
      AFP  -  66 words
    • Article
      Lock icon Stocks open steady in quiet business
      830 7 London Reuter SHARES ON THE London market yesterday moved ahead in places on bargain hunting after a weak earlier showing. Dealers said volume ahead of the holiday weekend was light and they expected the morning s gains to evaporate on lack of follow through.
      Reuter  -  830 words
    • Article
      Lock icon Hang Seng Index breaches 3,600 level
      638 7 Hongkong DBS Securities THE HANG SENG Index ended above the psychologically important 3,600 level yesterday, gaining 28.41 points to end at a record high of 3,611.74. Profit-taking in early morning trade caused share prices to fall over a broad front and the index lost
      DBS Securities  -  638 words
    • Article
      Lock icon Tokyo
      428 7 Reuter SHARE PRICES closed mixed in extremely heavy trade on the Tokyo market yesterday as buying in stocks with special incentives was matched by selling of exporters' shares due to the strong yen. The 225-share index gained 6.18 points to a 25,974 96 record close after earlier falling to
      Reuter  -  428 words
    • Article
      Lock icon Sydney
      409 7 Reuter THE AUSTRALIAN share market closed at a record yesterday, with strong demand for selected industrials offsetting flagging interest in gold stocks. The All Ordinaries Index closed 7.6 points above Thursday's record close at 2.163 1. The All Industrials Index was 14.9 points higher at a record 3175.2 and
      Reuter  -  409 words
    • Article
      Taipei
      271 7 AUG n NT AH Sincara Indua Aaia Camam Cathay Con* Chang Hwa Bank 4 06 SO 00 98 00 ...244 00 +o«n unch 4.5 11 Chang Loong Chia Main Camant Chin Main Flour China Cham ""44 40 17.30 31.20 unch 0 3 0.4 China Uav China Elact Wira China
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    • Article
      Seoul
      113 7 AUOU1 Om» V Doefce 1 Do»woo rr m won par JO 100 nd Corp ***** 1900 -1000 -300 1)0 1 MA 0o»woo Navvy 12)00 j>c>rtrlti 3 WOO Dang Dang Su Dangbx GoU Sx Hani to i n>ar 1)400 kSM ***** •I 590 ■1)00 SimI ***** 1*900 •>*> 300 JJO
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      285 7 s=■Si' .1 *$•&>.. .<' iCf&tin V) i y Sunday Brunch: A great family outing. It's a wonderful way to combine a late breakfast with an early lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings,
      285 words
    • Advertisement
      Page 7 Advertisements Column 2
      228 7 Bangkok market report, Manila prteaa ware not available CANTON GATO6N m Pleasing, contemporary surroundings. With exquisite lunchtime dim sum and delicate Cantonese cuisine fit for an emperor. Closed on Mondays. 3rd Floor, Westin Plaza. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Plaza Raffles City 2
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      Page 7 Advertisements Column 3
      5 7 Milan prices were not available
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  • PERSPECTIVE
    • Article
      Taking stock of the flesh market
      589 8 AMONG THE MANY misconceptions that crowd the plebeian mind, there is one that is very special. This is that business is an antiseptic affair, composed of the heartless machine and its clone, industrial man. On the groundwork of this basic fallacy is built a
      589 words
    • Article
      Still a long way to go for stock exchange
      1042 8  -  The reverberations from the downfall of Pan-Electric Industries have not ceased. The latest delivery and settlement system announced recently is part of a package of reforms to upgrade the securities industry in Singapore. ROSIE TAN of The Companies Desk reports. ROSIE
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    • Article
      Changes and reforms after Pan-El
      822 8 1985 Nov 18: Pan-El defaults on $7.5 million loan repayment. 30: Pan-El goes into receivership. Dec 2-4: SES and KLSE suspend trading for three days. 3: $180 million lifeboat fund set up by the big four local banks in response to the huge forward contract
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    • Article
      Elliot Wave Theory and the local market: no loose talk
      255 8  -  letters to the Editor Wong Yee Dear Sir With reference to the chart and the letter by "Gemini" saying: "Contrary to Mr Wong Yee's statement in your July 30 Perspective page, the Elliot Wave Theory works very well in the
      255 words
    • Article
      Pharmacy graduates get honorarium during training
      222 8  -  Alfred S C Wan President Pharmaceutical fioclety of S'pore Dear Sir I refer to the article on fresh graduates' salaries in the Aug 22-23 edition of BT. Pharmacy graduates have to undergo a compulsory 12 months' pre-registration training before they are admitted to the
      222 words
    • Article
      Need for updated Sesdaq information on SBC Text
      158 8  -  S Teng Dear Sir The biggest bug in trading on Sesdaq at the moment is the updating of prices on SBC Text. It is very frustrating not to know what is going on with the Sesdaq counters until one hour later (and
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    • Article
      SMART'S used
      116 8  -  Toh Su Fan (Miss) for Singapore MRT Lid Dear Sir I refer to DW Distant's letter, saying "SMART" is better than "SMRT" (BT. Aug 15-16). We would like to thank him for his suggestion. It is to be appreciated that SMART is the name used by a chain
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      Page 8 Advertisements Column 1
      44 8 BT welcomes letters from readers. Your letters must include your signature, full name, address, and home and office telephone numbers, if any. You may add a pseudonym, if you wish. Address your letters to: The Editor. Business Times, 330, Kim Seng Road, Singapore 0923.
      44 words
  • Page 8 Miscellaneous
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  • Executive Lifestyle
    • Article
      STRAWS in the Wind
      288 9 ORGANISERS for social and corporate events have long since realised that the RSVP at the end of invitations is usually totally ignored in Singapore. Casablanca Wine Bar Restaurant decided to try a different tactic when it sent out invitations to a photo exhibition held on its
      288 words
    • Article
      Lock icon No wonder ostriches hide
      183 9 TRENDS NYT M SOUTHERN OKLAHOMA where cattle, whMt and watermelone ir< hardly worth Ida monay H takaa to harvaat tham, a group of ranchara ara making a fortuna raialng tha world's largaal bird. A braading pair of adult oatrlchaa fatohaa up to US$lO,OOO. Year-old pairs sail
      NYT  -  183 words
    • Article, Illustration
      Regardless of race, language or religion
      702 9  -  P With MARTIN SOONG MY GENERATION may not have bared its all against communist ideologues, or fought religious separatism. But we've got a few good war stories to tell ourselves. Growing up in Singapore, in the early *****, was a democratic experience for me.
      702 words
    • Article, Illustration
      Arty-smarty living
      1138 9  -  By MONICA GWEE HERE IS a mind-broadening exercise. Find your way to Abraxas on the second floor of The Promenade on Orchard Road. Enter through the glass doors. Stand with your feet slightly apart and your eyes wide open. Take a deep breath. Do not jump to conclusions,
      1,138 words
    • Executive Lifestyle: Entertainment, the Arts & Pursuits
      • Article
        Good overview but too heavy for easy digestion
        349 10  -  TELEVISION By JAIME LYE SBC's Current Affairs Division unveils the first part of its major project for the year tomorrow a four-part documentary on neighbouring countries' efforts to cope with economic recession. The Philippines. Thailand, Indonesia and Malaysia are featured all designed
        349 words
      • Article
        Why you should take less salt
        1060 10  -  HEALTH By RICHARD SEAH SALTLESS, to many people, means tasteless. This column last week discussed how not to add even more salt to the diet by taking isotonic drinks for the fun of it. Now comes the more important part how to cut down
        1,060 words
    • Executive Lifestyle: Entertainment & Pursuits
      • Article, Illustration
        Sweaty lullaby to Broadway
        422 11  -  THEATRE By LISA LEE IMAGINE standing, dancing and acting in a line for the most of two hours and you might get a broad idea of what the musical A Chorus Line is all about. What makes the story of a sweaty Broadway audition still relevant
        422 words
      • Article, Illustration
        Personal touch from Lauren
        143 11 SCENTS MONOGRAM, Ralph Lauren's winner in the Fragrance Foundation Award for men, will be available in Singapore next month. As an added touch, a free monogram service will be offered to men who request their names stamped on the silver collar of the flasks. The fragrance
        143 words
      • Article
        When the going gets tough ...
        441 11  - When the going gets tough CINEMA By JAIME LYE IT HAD TO HAPPEN. Conan the Barbarian meets his ultimate challenge in Reptile Man. And so it came to pass that Arnold Schwarzenegger the wiener schnitzel who has since become a naturalised steak sandwich took it upon himself to prove that
        441 words
      • Article
        BILLBOARD
        686 11  -  Compiled by Sakila Dhiawala CINEMA: Tho Living Dayllghta starring Timothy Dalton. Showing at Lido: 11; 1.30; 4; 6.45; 9.15. Amarican Nlnfa 2 starring Michael Dudikoff, Steve James and Larry Poindexter. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Tha Sacrat Of My Succaaa starring Michael J Fox. Showing at
        686 words
      • Article, Illustration
        Those jaunty jalopies
        496 11  -  MOTORING By JEFFREY TSANG SOME MIGHT CALL them strange-looking. Their owners would no doubt prefer the word '•character". Take the 195 Kircher Mercedes Special. One look at its cockpit-like "cabin" and you can almost guess it was designed by someone mad about airplanes. Of course. The gleaming
        496 words
      • Article
        Lifeforce at the Padang
        164 11 MIAM JjHvKl. ■TAKES 1 OF THE 12 in Price Waterhouse's conference room on Tuesday night only two were from the accounting firm. The others were stockbrokers, businessmen and young executives. All different profeseions, but brought together by one common goal Lifeforce. They were there to tie
        164 words
    • Executive Lifestyle: Sports
      • Article
        Mokari Fighter to lap it up in Tiger Trophy race
        628 12  -  RACING on y&E TMCK with Brian Miller with Brian Miller MOTH an inviting $100,000 bonanza up for grabs, the Tiger Beer Gold Sprint Trophy race will generate tremendous interest. And with a well-stocked field of 17 runners set to face
        628 words
      • Article
        Samson Gimson is the favourite in Warren Open
        383 12  -  GOLF Bf WALTON MORAIS LEADING AMATEUR Samson Gimspn, his trophy cabinet already crowded with seven wins this "season, will be seeking to add another on Sunday in the Warren Open 18-hole golf championship. -The 23-year-old, who challenged unsuccessfully for the Singapore Amateur
        383 words
      • Article
        Lock icon Bobby Wadkins takes opening lead and equals tournament record in Ohio
        350 12 AP BOBBY WADKINS tied a record on the way to a six-under-par 64 and a three-stroke lead on Thursday in the first round of the US$BOO,OOO world series of golf in Akron, Ohio. Wadkins, 36, not yet a winner
        AP  -  350 words
      • Article
        Lock icon Cockerill takes one-shot lead in world event
        213 12 AP AMATEUR Kay Cockerill eagled the 16th hole with a 35-foot (10.5-metre) putt and birdied the 17th as part of a three-under-par 69 on Thursday, taking a one-shot lead in the first round of the U*****,000 World Championship of women's golf. The 22-year-old
        AP  -  213 words
      • Article, Illustration
        Lock icon Johnson: I've nothing to prove
        372 12 ATHLETICS AP BEN JOHNSON said he doesn't have any animosity against Carl Lewis, but felt it's up to the three-time world and four-time Olympic champion to prove who's really the world's fastest human. "I have nothing to prove," said Johnson, who has beaten Lewis four
        AP  -  372 words
      • Article, Illustration
        Kelly looks set for a smooth-sailing victory in the funboard series
        477 12  -  WINDSURFING By CHERRIE HOLDER NATIONAL BOARDSAILOR Kelly Chan looks all set to steal the show in this weekend's final three races of the Kent Funboard series at the East Coast Sailing Centre. The 30-year-old aircraft engineer, who will be
        477 words
      • Article, Illustration
        More on popular conventions
        695 12  -  BRIDGE By MIKE THUMBA ONE of the most useful advantages in employing the popular conventions, apart from the fact of getting an account bidding, is that it allows the strong and balanced hand in the partnership to play the contract. Moreover, the opponents get less information
        695 words
    • Executive Lifestyle: Personal Investment
      • Article, Illustration
        Unravelling an enigma
        881 13  -  How long will the US economy keep chugging ahead? In an exclusive interview with Business Times, Kathleen B Cooper, senior vice-president and chief economist at Security Pacific National Bank in Los Angeles, tells PATRICIA M SCHERSCHEL why she expects the economy to continue to grow albeit at
        881 words
      • Article
        Before you buy that house...
        1149 13  -  HOUSING LOANS By PATRICIA M SCHERSCHEL SHOPPING for a mortgage? Well, you're in luck. Interest rates on housing loans are at their lowest levels in recent years, thanks to an intense rate war among Singapore banks and finance companies. DBS Bank fired the latest salvo
        1,149 words
      • Article
        Lock icon When splitting up is not hard to do
        598 13 WALL STREET NYT A RECORD NUMBER of US companies are expected to split their stock this year, yet another indication of the bull market's strength. Since Jan 1, 158 companies listed on the New York Stock Exchange have split their stocks, issuing
        NYT  -  598 words
      • Article
        Checking a company's fiscal health
        894 13  -  THE BALANCE SHEET coRnERm, j joaar. By LISA LEE AFTER EXAMINING the investor's stethoscope the "profit and loss statement" last week, Beginner's Corner now tackles the balance sheet the summary of a company's vital financial signs. This key document, which is found in the annual
        894 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      19 9 Mt.>r •.V' r mm The only Card you'll ever really need. Call 732 2244 for an application form today.
      19 words
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      Page 9 Advertisements Column 2
      127 9 Inside The Hour Glass. The Architects of Time liw- <t *me--+t&> **Q&u **«**•*>* "»*»i»I W >>'W* f •<-/• jb HMllKilii <533* #£>*# *VV *> •fr Oil I II You build on the beauty of an Ebel when you buy it at The Hour Glass. hjll Tuti Wt>iii3(fflWWa^l We know more
      127 words
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      2655 10 SIOIS TO WATCH A River Reborn and the Carpenters Movies Catherine The Great is an interesting account of the life of Catherine and her rise to power as the Empress of Russia. This 1934 black-and-white dramatisation stars Douglas Fairbanks Jr as Grand Ouke Peter and Elizabeth Bergner as Catherine. (To*
      2,655 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      77 12 An mvmm w f m m m mm i One of the highlights under 1 Pl/IVuV) the spotlights wf of the National TSC Stadium on the the finals of the sth Times Inter-Business Houses Athletics Meet The Charity Classic is a 1600 metre run for charity. Your participation is also
      77 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      22 13 The weekly art report from Sotheby's has been held over owing to pressure on space. The columnist for Chartpoint is on leave.
      22 words
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      Page 13 Advertisements Column 2
      175 13 NOTICES w EASTERN ENVIRONMENTAL CONTROL CONSULTANT AND ENGINEERING SERVICES PRIVATE LIMITED (IN MEMBERSVOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN. pursuant to Section 308(2) of the Companies Act. Cap. 50 that the Final Meeting of the abovenamed Company will be held at 3 Shenton Way #09-06 Shenton House. Singapore 0106 on Wednesday,
      175 words
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      Page 13 Advertisements Column 3
      282 13 BT welcomes investment ideas and viewpoints fron brokers, bankers and other readers. Address al correspondence to: The Editor, Personal Investment Business Times, 390 Kim Seng Road, S'pore 0923. In the Matter of The Companies Act, Cap. 50 and YEW LEE SENG FASHION PRIVATE LIMITED (In Members' Voluntary Liquidation) At an
      282 words
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      Page 13 Advertisements Column 4
      253 13 In The Matter Of The Companies Act, Cap. SO And In The Matter Of AMHS CO PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the abovenamed company held at 190 Middle Road #11-05 Fortune Centre, Singapore 0718 on 21st August 1967 the
      253 words
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      Page 13 Advertisements Column 5
      283 13 IN THE MATTER OP—THE COMPANIES CAP., 50 ZHZ," AND IN THE MATTER OP-«- EKARIA JAYA PTE. LTDST: NOTICE OF SPECIALS: RESOLUTIONS FOIU MEMBERS' VOLUNTAMP*" WINDING-UP (PURSUANT TO SECTOOP.. 290(1Kb)) At an Extraordinary eral Meeting of the 1 bers of EKARIA JXSSC-. PTE. LTD. duly conve«rtk» and held at 50 Jalan
      283 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Market index sheds 11.7 points in light trading
      4171 14 SELECTED local blue chips managed to register dou-ble-digit gains yesterday although share prices in the broader market drifted lower for the second day running. Trading was light as market sentiment remained cautious, bringing the Straits Times Industrial Index down 11.71 points to
      4,171 words
    • Article
      Chief price changes
      256 14 Rises MWg» I 3 JO SOt 935 Not Iran g JO S H 10*0 Ganrtngt 765 W«onm 705 M M C 10* 279 AiWok Eng JO* Jll Spwb Shipyard 4J8 U O F 298 Kappal Carpn 434 Falls G f llf* 3100 FAN 1380 C K Tang
      256 words
    • Article
      Business done on the SES
      3734 14 SECTION ONE MDUtTRIAL i COMMERCIAL Aoiw (243 B 244 SI OS 246 00 247 (17) 246 111 245 111 244 111 24* 1131 2.45 IS 243 (102) 244 Alcorn 067 B 068 SI 111 068 (7) 067 Amd S*m4 50« (2 95 8 296 S)
      3,734 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      84 14 KL market report. Business done on the KLSE, Page 15 Unit Trust table on Page 15 w 0«r 200 gna looks m ts sunm* «Mh mora har Dm two anc *Wn to nH N mm o( jnr cwnng glory BM the IM «*i KMM Hying savvy m BMs you Irani
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  • COMPANY NEWS
    • Article, Illustration
      CityDev pre-tax profits up 6.3pc in first half
      571 15  -  By LISA LEE IN LINE with the recovering property market. City Developments Ltd (CDL) has reported improved financial results for the first six months of the year. For the period ended June 30, 1987, consolidated operating profits attributable to shareholders totalled $12.03
      571 words
    • Article
      Tonhow to offer 4.4 million shares at $1 each
      463 15  -  By NAJEEB JARHOM EVERYTHING is set for Tonhow Industries to be the next listing on the second securities market Sesdaq. Approval from the authorities has been given for the public offer of 4.4 million new shares of par value 50 cents
      463 words
    • Article
      STP buys remaining shares in Shin Min
      191 15 SINGAPORE PRESS Holdings Ltd's wholly-owned subsidiary The Straits Times Press (1975) Ltd has bought out the remaining 40.99 per cent share in Shin Min Daily News (S) Ltd. STP paid $5.50 cash for each of the 401,390 ordinary shares and 8,500 management shares,
      191 words
    • Article
      KL finalising plan against multiple applications
      154 15 NEW STEPS to prevent multiple applications and fraud in Malaysian public share issues are being finalised, according to the general manager of MIDF Consultancy Corporate Services (MIDFCCS). These measures will be submitted to the Malaysian authorities for approval before implementation. Abdul Khalid Bin Haji
      154 words
    • Article
      Lock icon Sime Sembawang gets Ms4B-million Esso contract
      139 15 Bernama ES SIME SEMBAWANG Engineering (SSE) has been awarded a Ms4B million contract by Esso Production Malaysia Inc (EPMI) for the fabrication of the Seligi B 0 jackets and cap structures. The jackets will be fabricated at SSE's yard at Pasir Gudang in Johor
      Bernama ES  -  139 words
    • Article
      Kuala Lumpur stock prices drift lower as lethargy sets in
      2967 15 LETHARGY set in on the Kuala Lumpur stock market yesterday and share prices drifted lower in quiet trading as investors chose to adopt a wait-and-see stance for the greater part of the day. Market observers said investors were dismayed by
      2,967 words
    • Article
      COMPANY MEETINGS
      76 15 SELANGOR DREDGING Berhad: 26th AGM at Wisma Selangor Dredging, Tingkat 18. West Block, 142-C Jalan Ampang, ***** Kuala Lumpur, today at 11am kampong lanjut tin DREDGING Berhad: 59th AGM at Conference Room 3 1st Floor, The Merlin Hotel No 2 Jalan Sultan Ismail, ***** Kuala Lumpur, Malaysia. to
      76 words
    • Article
      Unit trusts
      286 15 Monog«fs' prices for Aug 29 31 Singapore Unit Trust Th* CoMtm 177 1 34 Th* Savings fund 111 1 18 S'por* Prog Fund 052 056 S'por* Sac Fund 086 092* S'por* lnv«(l Fund 0*5 101 S'por* Equity Fund 063 068 Asia Unit Trust Mol Invest Fund 164 172
      286 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      482 15 What you should know before you invest your CPF in unittrusts UNION SINGAPORE FUND Approved for CPF Investment ■fl Blml The big difference. IVVI Experience counts. So when you examine the available 4 DADp CPF approved unit trusts with a view to investing your VI V CPF, consider this. I
      482 words
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  • Article
    Why small companies fight shy of export schemes
    534 16  -  Survey shows concentration on domestic markets By BOEY KIT YIN In Kuala Lumpur A SURVEY recently conducted by a university lecturer showed that while small and medium-sized companies are aware of government export assistance schemes, they do not make full use of
    534 words
  • Article
    How to make Singapore a countertrade centre
    454 16 THE SINGAPORE government can do more than just provide infrastructural facilities and financial incentives to make the Republic a countertrade centre, said Dr Wee Chow Hou, a lecturer of the School of Management at the University of Singapore. Dr Wee was presenting yesterday
    454 words
  • Article
    Lock icon Malaysian merchant banks told to consider equity financing
    264 16 Bernama BANK NEGARA governor Tan Sri Jaffar Hussein says that merchant banks involved in corporate restructuring work should consider equity financing in formulating a workable turnaround programme for ailing companies. In a statement released after a meeting between the governor and chief
    Bernama  -  264 words
  • Article, Illustration
    Lock icon Mahathir urges banks to help promote foreign investment
    387 16 Bernama MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad yesterday called on banks to set up special departments to promote foreign investment in the country and to advise local entrepreneurs and help them undertake joint ventures with foreign investors. He said banks
    Bernama  -  387 words
  • Article
    Lock icon Call for arms' length deals
    154 16 Bernama ES BANK NEGARA governor Tan Sri Jaffar Hussein yesterday cautioned merchant banks involved in stockbroking to trade at arms' length and not on biased favourable terms at all times. In a statement released after a meeting between the governor and merchant banks yesterday, he
    Bernama ES  -  154 words
  • Article
    Lock icon US urged to support KL in palm oil issue
    234 16 Reuter MALAYSIA'S Primary Industries Minister Lim Keng Yaik urged the Reagan Administration yesterday to join it in countering charges'by US soybean farmers that its important palm oil exports were dangerous to health. "They (American farmers) are talking bad about palmoil without
    Reuter  -  234 words
  • Article
    Lock icon Mochtar says talks still possible
    112 16 Reuter. AFP INDONESIAN Foreign Minister Mochtar Kusumaatmadja said yesterday that an informal meeting between the Coalition Government of Democratic Kampuchea and the Viet-namese-installed Heng Samrin government could still be held but questioned whether all parties really wanted a settlement Dr Mochtar said that there was
    Reuter.; AFP  -  112 words
  • Article
    Shenton Thrift Fund attracts $58m in CPF funds
    351 16 THE SHENTON THRIFT FUND. DBS Bank's unit trust which charges no sales fee, has attracted $58 million in Central Provident Fund (CPF) monies at the end of a two-week fixed-price offer period. That was the sum as of Thursday, the last day
    351 words
  • Article
    Lock icon Taiwan-China trade through HK rising
    241 16 Reuter TRADE between Taiwan and China through Hongkong rose substantially in the first five months of 1967 and there are signs of further rises for the rest of the year, a semi-official Taiwanese research agency said yesterday. Taiwan's exports to China totalled US$43O million in
    Reuter  -  241 words
  • Article
    Lock icon Need to fight white collar crime
    88 16 Bernama ES AMIDST growing white-collar crime in Malaysia, Association of Banks in Malaysia chairman Tan Sri Basir Ismail has called for the consolidation of commercial crime units of the relevant agencies under one administrative organisation. Tan Sri Basir called for tougher punishments for those
    Bernama ES  -  88 words
  • Article
    Lock icon Dow Jones lower
    84 16 AP WALL STREET showed a broad loss yesterday morning, extending the decline of the past two sessions. The Dow Jones Average of 30 Industrials dropped 8.13 to 2,666.93 in the first hour. Losers outnumbered gainers by more than 2 to 1 in the early tally of New
    AP  -  84 words
  • Article
    Sim Kee Boon re-appointed
    137 16 MR SIM KEE BOON has been re-appointed chairman of the Civil Aviation Authority of Singapore (CAAS) for two years from Sep 1. Except for one change, all the other members of the board have also been re-appointed. The newcomer is Mr Lim Toon, an assistant general
    137 words
  • Article
    Lock icon Ex-Japanese PM discusses use of Asean fund
    264 16 Reuter FORMER Japanese Prime Minister Takeo Fukuda has discussed with President Suharto ways of using a proposed US$5 billion fund for South-east Asia. Japan has said that it plans to unveil the fund at the Asean summit, scheduled for Dec 14-16 in Manila.
    Reuter  -  264 words
  • LATE FILE
    • Article
      Lock icon Opec seeks stable oil prices
      66 16 Reuter INDONESIAN Energy Minister Subroto yesterday said a special meeting of two Opec committees in Vienna next month will consider steps to stabilise world oil prices. He also forecast that prices would remain around US$lB a barrel until the end of the year but said
      Reuter  -  66 words
    • Article
      Lock icon Iran wants ceasefire to stay
      53 16 Reuter IRAN wants to consolidate the de facto ceasefire in the Gulf. Iranian Deputy Foreign Minister Mohammad Jawad Larijani said yesterday. Speaking after having talks with West German Foreign Minister Hans-Dietrich Genscher, the Iranian official said Iran was willing to take part in "any authentic
      Reuter  -  53 words
    • Article
      Lock icon No martyr's farewell
      57 16 Reuter THOUSANDS of South Korean riot police yesterday ambushed a funeral procession and snatched a striker's coffin from radical workers bent on giving him s martyr's farewell. Police said they acted at the request of the parents of Lee Sok-Gyo, 21, a shipyard worker killed during a
      Reuter  -  57 words
    • Article
      Lock icon Lay-offs at Aussie coal mines
      37 16 Reuter AUSTRALIAN coal-mining companies began sacking miners yesterday because of a slump in the industry, but unions planned work stoppages for immediately after the end of a moratorium on industrial disputes. Reuter
      Reuter  -  37 words
    • Article
      Lock icon Anglo American may sack more
      32 16 Reuter ANGLO AMERICAN sought to crush an unprecedented South African black miners' strike yesterday by threatening to sack 17,900 more workers from its economically vital mines. Reuter
      Reuter  -  32 words
    • Article
      Lock icon More studies into superconductors
      48 16 Reuter PRIME MINISTER Yasuhiro Nakasone has said that Japan would make an all-out effort on research into superconductivity. His remarks coincide with budget applications by two government bodies totalling US$4B million to be spent on trying to turn the superconducting dream into reality. Reuter
      Reuter  -  48 words
    • Article
      Lock icon India to cut defence spending
      40 16 AFP INDIA is expected to cut defence spending by a token US$2OO million during the current fiscal year in an austerity drive to beat a crippling drought, the Press Trust of India reported yesterday. AFP
      AFP  -  40 words
  • Page 16 Advertisements
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      318 16 Tha Comax report was not available at praaa Uma. MALAYSIAN ASSURANCE ALLIANCE BERHAD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of the Company will be held at Ming Crystal Ballroom Section 111, First Floor, Ming Court Hotel, Jalan Ampang, ***** Kuala Lumpur
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  • Page 16 Miscellaneous