The Business Times, 26 September 1987
1987-09-26
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The Business Times
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Title Section12 1987-09-26 1 BUSINESS TIMES MCI (P) 112/12/86 Weekend Edition, September 26-27 1987 75 CENTS12 words
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Article, Illustration190 1987-09-26 1 Exchange rates THE S$ fell against the US$ to close at S$2.0915/25 (S$2.0895/905) in quiet trading yesterday. It also weakened against the M$, HK$ and the yen but rose against the Swiss franc and DM. US$: 143.75/85 yen, 1.8200/10 DM, S$2.0915/25 US$1.6365/75 MS: S$0.8289/96 Overseas markets Friday190 words
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103 1987-09-26 1 AP PRESIDENT CORAZON AQUINO will retain Trade Secretary Jose Concepcion and Labour Secretary Franklin Drilon in her Cabinet despite criticism of their departments. Presidential spokesman Teodoro Benigno said yesterday that the president made known her plans during a meeting with businessmen, including representatives ofAP - 103 words
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Article, Illustration678 1987-09-26 1 AMY BALAN - Still no nod from SES By AMY BALAN WITH JUST one last hurdle to clear and a day to the deadline, United Industrial Corporation's bid to take over First Capital Corporation still hangs in the air. As of yesterday, the678 words
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Article, Illustration316 1987-09-26 1 THE STOCK MARKET yesterday opened quietly and fluctuated throughout the day before closing on a firmer note. Brokers attributed the firm close to an absence of selling pressure rather than to buying interest. Market sentiment remained cautious. The Straits Times Industrial Index rebounded 11.06316 words
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251 1987-09-26 1 AP THE UN Security Council yesterday discussed ways to end the Gulf War, one day after the United States and the Soviet Union emphasised the importance of a common front in stopping the conflict. Security Council president Obed Asamoah of Ghana summonedAP - 251 words
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90 1987-09-26 1 Oana/Antara INDONESIA'S export of industrial products were worth US$2.l billion in the first five months of this year, up by 13.8 per cent over the corresponding period in 1986. Minister of Industry Hartarto said on Thursday that the exports consisted mainly of products of processingOana/Antara - 90 words
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359 1987-09-26 1 Reuter PRESIDENT CORA2ON AQUINO won pledges of continued backing from her governing coalition yesterday and gained new congressional allies in her bid to restore stability in the Philippines. A group of 28 congressman not previously linked to any political grouping said they wouldReuter - 359 words
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Page 1 Advertisements
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Advertisement266 1987-09-26 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Full report, Page 14 World maiiiets, Page 6 17 mm LOCAL TOOL AND DIE makers are enjoying REPORTS in the Japanese press that the a boom with members of a consortium Bank of Japan has decided to tighten monformed a year ago for joint266 words
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Advertisement161 1987-09-26 1 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Riding out a thoroughbred idea Page 9 ririMH IPVYIa The birds and the bees and much more Page 9 Learning how to switch into alpha Page 10 TV programmes for today and tomorrow Page 10 Ms to Mate* Gershwin, Ohara and the Emmy Awards161 words
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HOME NEWS
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529 1987-09-26 2 LILIAN ANG - Business up by an average 50pc By LILIAN ANG LOCAL TOOL and die makers are enjoying a boom, with members of a consortium formed a year ago for joint marketing ventures enjoying a 50 to 100 per cent increase in business. For the529 words
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205 1987-09-26 2 THE dispute between management and union at Bank of America, sparked off by the bank's latest retrenchment, has been settled after a "mutually satisfactory agreement" was reached on Thursday. The agreement included an assurance from the bank that there were no plans205 words
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375 1987-09-26 2 A LOS ANGELES-based company has chosen Singapore as its regional marketing headquarters to get more Asian-Pacific manufacturers to promote their goods through its trade centres. Asiontrade Group Inc will open a trade centre providing trade information and business facilities for members at the375 words
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307 1987-09-26 2 "DO NOT reveal your PIN (personal identification number) to anyone.'' That most basic rule of using automated teller machine cards was yesterday broken by Visa regional manager Peter Harkess. He gave his Visa card and his PIN number to the reigning Miss Tourism,307 words
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Article57 1987-09-26 2 A JOINT MISSION from the Economic Development Board and the Primary Production Department leaves for Europe today for two weeks to promote investments in agrotechnology The four-member mission is one of a series of overseas trips to identify industry leaders and to bring these companies to Singapore's "Agrotech"57 words
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170 1987-09-26 2 PUBLISHING and printing companies in Singapore should consider co-publishing with Japanese publishers, says Japanese book publishing expert Mr Samio Degawa This would be one way of increasing the circulation of their books and magazines in Japan. Co-publishing could take several forms. It could involve a170 words
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204 1987-09-26 2 Open house at FrenchSingapore Institute AN OPEN HOUSE will be held at the French-Singa-pore Institute (FSI) in Science Centre Road from Oct 8 to 10. It will be held in conjunction with Technology Month in Singapore. There will also be talks and an exhibition at the FSI throughout the month204 words
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560 1987-09-26 2 ANNA TEO - By ANNA TEO SINGAPORE'S medical industry stands to gain from a major travel assistance company's contract with China. International SOS Assistance, appointed to provide medical evacuation and repatriation services in the country, will direct most patients to Singapore. The agreement with the International Centre560 words
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Article786 1987-09-26 2 AT CONVENTIONAL WHARVES Vaaaal Bartti Arrival Departure KEPPEL WHARVES Aries <34 alongside 26.09/2300 Bangkok Navee <15 alongside 26 09/0400 Cofy <35 alongside 3009/0600 Feng Too K30 alongside 2709/2300 Flomboyant <18 alongside 2609/0700 Fiomboyont KI8 alongside 27 09/0700 Koto Bokti <31 alongside 2909/0600 lioa Cheng <29 alongside 27786 words
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94 1987-09-26 2 MEMENTOS and World War II memorabilia are needed for display in a new prison chapel and museum to be opened in October on the grounds of Changi Prison. The public is invited to share their mementos and memories which will be pooled to form the94 words
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Page 2 Advertisements
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Advertisement67 1987-09-26 2 X Opens i '?«<>ker > 2 98 ©rww! Daily 30pm to 9 00pm 30% off ori drinks Live Entertainment Disco Lounge Hours: Sunday to Thursday 9 00pm to 2 00am S IH Livr Entertainment' by Hong Kong Artiste Disco Hours f nd.»y Saturday eve of Public Holidays '0 40pm to67 words
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Advertisement120 1987-09-26 2 APPOINTMENT EXECUTIVE DIRECTOR FOR INTERNATIONAL PUBLIC RELATIONS CONSULTANCY We're a rapidly-growing Singapore-based public relations business. Our clients are mostly in service industries. They are very international in outlook. So are we. We're on the look-out for a top-flight public relations executive who could make a significant contribution to building our120 words
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Page 2 Miscellaneous
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Miscellaneous66 1987-09-26 2 \™kj Singapore OUTLOOK: Shown Report for 24 hours prior to 7.30pm on Sop 25 at Moscow Nassau Now Dothi Now York Nicosia Oslo Paris Forth Rio 'Janeiro Rome San Fris'co Son Juan Santiogo Soo Poulo Seoul Stockholm Sydney Taipei Tel Aviv Tokyo Toronto Voncovver Vionna Warsaw Warftingfon Cloudy Cleor Sunny66 words
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OVERSEAS
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Article, Illustration369 1987-09-26 3 Bernama MALAYSIAN Deputy Prime Minister Ghafar Baba plans to meet vice-chancellors of Malaysian universities to discuss the problem of racial polarisation in institutions of higher learning. He said yesterday that the problem at the university level needed to be resolvedBernama - 369 words
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Article137 1987-09-26 3 Bernama MALAYSIA, with an inflation rate of 1.4 per cent last year, is among 28 countries in the world that have reduced their inflation rate to below five per cent. According to the International Labour Organisation's Bulletin for Labour Statistics for 1985/86, the otherBernama - 137 words
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388 1987-09-26 3 AP RENEWED labour unrest in South Korea could damage the economy by fuelling inflation, increasing unemployment and cutting economic growth, the government said yesterday. Deputy Prime Minister and Economic Planning Minister Chung In-Yong made the warning when he briefed President ChunAP - 388 words
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401 1987-09-26 3 Bernama ES THE MALAYSIAN government is still looking into the proposed amendments to the labour law to come out with an overall package which will take into consideration the investment climate, the interest of the workers and the nation. Labour Minister Datuk LeeBernama ES - 401 words
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108 1987-09-26 3 AFP THE INDONESIAN Chamber of Commerce and Industry (Kadin) has been revamped to include state companies and cooperatives and has adopted a new statute which industry sources said yesterday could weaken its lobbying power. A congress of Indonesian businessmen ended late Thursday adopting the decisionAFP - 108 words
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Article744 1987-09-26 3 ARRIVALS Operator Sorvko local From numbor SU SQ191 1155 PEN THAI TG403 1155 IKK MAS MM682 1230 KCH GU GA940 1235 MES SU SO 107 1250 Km su SO 303 1300 GGK GU GA900 1310 pku SIA SQ61 1335 8KK SU SOI 1335 SFO/HNl/HKG SU SQ25 1350744 words
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Page 3 Advertisements
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Advertisement206 1987-09-26 3 I Yll The bus,nes s person's chcxe. every I I II I II I Tuesdoy, Thursday, Saturday and I 1 II f \l II I Sunday. Leaving Changi Airport at t A J- X 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel206 words
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Page 3 Miscellaneous
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Miscellaneous32 1987-09-26 3 Doonesbury 04, m m m I 1 v E GOOD SO ALII N&P NOW/$ YOUR. StGNfiJURB AND BANK ACCOUNTNUMBCR. YOU PO R&CALLTHB NUMBGR PON7 YOU, BILL J i N: BY GARRY TRUDEAU32 words
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COMMODITIES
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526 1987-09-26 4 Bernama ES THE EXPECTED increase in world consumption for oils and fats this year will be met from current production, with no drawdown on stocks, the Food and Agriculture Organisation (FAO) of the United Nations said in its latest issue of "Commodity ReviewBernama ES - 526 words
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474 1987-09-26 4 Bernama ES GLOBAL DEMAND for natural rubber this year is expected to increase by 3 per cent with the modest growth in the economies of industrialised countries, the Food and Agricultural Organisation (FAO) has said. The latest issue of its "Commodity Review andBernama ES - 474 words
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302 1987-09-26 4 Reuter IN SPITE OF the century's worst drought. India will outstrip the Soviet Union and Brazil this year to regain its position as the world's largest sugar producer, a top official said on Thursday. Output of white sugar will hit 8.5Reuter - 302 words
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352 1987-09-26 4 Reuter THE SOVIET UNION published data on Wednesday which underlined that abnormally heavy rain in large parts of the country this autumn has been disrupting the 1987 grain harvest. State statistical committee figures published in the government newspaper Izvestia showed that farmers had threshedReuter - 352 words
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228 1987-09-26 4 AFP THE FRENCH oil firm Total is still undecided whether to undertake oil prospection in Vietnam and is waiting for more geological data, Total official Pierre Vaillaud said on Thursday. Mr Vaillaud said Total was "rather interested" in off-shore prospection in theAFP - 228 words
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131 1987-09-26 4 AFP INDONESIA is to import 135,300 J tonnes of corn and place a tem- porary ban on the export of the animal feed base, polar, in anticipation of a drought-induced corn shortage. Daman Danuwidjaja of the Department of Livestock was quoted by the JakartaAFP - 131 words
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Article444 1987-09-26 4 TURNOVER of the crude palm oil futures contract on the Kuala Lumpur Commodity Exchange hit another record high of 1,153 lots. Three days ago turnover rose to a record high of 1,125 lots but yesterday's level is the highest attained on the exchange since it was revamped in444 words
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Article303 1987-09-26 4 London Commodity Exchange Bvyer/Seller doting price* on Sep 24 (£/tonne unlets specified). Previous closing prices in parenthesis. Coffee Basis in-store London, sellers option CIF London Sep 1254/1255 (1228/1237) High/Low 1255/1235 No* 1285/1287 (1261/1263) High/Low 1287/1265 Sales (3243) Cocoa Sep 1198/1210 (1200/1202) High/Low 1205/1198 Dec 1236/1237 (1236/1238) High/Low 1238/1229303 words
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Article81 1987-09-26 4 TRADING remained generally subdued with most products retaining previous day's level with the exception of LSWR. LSWR weakened in the light of surplus availabilities exIndonesia and limited Japanese buying interest. Dubai (No») Wm T«io> US$/borr#l 17.18 Oang* >-0.06 WTI (Nov) 19 A3 -0.05 Products (FOB S'pore) US$/borr«<81 words
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Article110 1987-09-26 4 Reuter THE TIN PRICE on the Kuala Lumpur Tin Market yesterday rose seven cents from Thursday to close at M 516.90 per kg in fairly quiet trading, dealers said. The rise followed a steadier European spot tin market, which prompted some moderate buying from Europe, Japan and MalaysiaReuter - 110 words
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Article252 1987-09-26 4 Reuter SINGAPORE THE MARKET yesterday closed lower with October One RSS buyers quoted at 218.75 cents/kilo, down one cent from Thursday. On the TSR-20 market, trading remained dull and featureless with prices marked down in line with the RSS market. October and November TSR-20 closed at 206.50 cents/kilo, bothReuter - 252 words
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Article270 1987-09-26 4 R AS prices In S cents/kg, FOB In bal« NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 222.25 223.25N 221.50 222.50N Irrt 1 RSS Oct 87 219.50 222.00 218.75 219.25 Int 1 RSS No* 219.50 222.00 218.75 219.25 lot 2 RSS OP 217.25 219.25N 216.50270 words
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Article85 1987-09-26 4 (c«nti/kg, 1 -ton pollen) OCTOBER 87 NOVEMBER 87 (current month) (forward month) RAS NOON S«ll*n NOON ftuvcr* S*U*n SSR 30 unov unov unov unov SSR SO una* unov unov unov MRELB Suy»rj fc/y»n S*ll*r* SMR cv 273.50 275.50N 274.50 276.50N SMR t 273.00 275.00N 274.00 276.00N SMS85 words
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Article282 1987-09-26 4 Chinese Produce Exchange Sollon' noon doling price* on Sop 25 (SS/100 kg) Coconut oil Bulk FOB 95.00 Old drum FOB 105.00 Now drum FOB 109.00 Copra MJxod (looso) 56 Pepper JUL mi AL "WHO* wiifTV FOB NtW 1355.00 Sarawak wfcito FOB foq NLW 1340.00 Sarawak spodal block FOB282 words
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Article228 1987-09-26 4 Reuter WHEAT FUTURES on Thursday closed quietly mixed on the Chicago Board of Trade, ranging from up 1-1/2 cents per bushel in May to down 1-1/4 in new crop July. December settled at U552.92-1/2. The reduced number of traders in the pit due to the Jewish holiday greatly limitedReuter - 228 words
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Article321 1987-09-26 4 HONGKONG: GOLD yesterday closed with pared gains following upward pressure on the US dollar, dealers said. The US unit firmed as the result of a news report that financial officials from the Group of Seven nations want to keep the dollar's value around present levels. Dealers noted some321 words
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Article215 1987-09-26 4 Reuter SOYBEAN FUTURES on Thursday ended on the lows on the Chicago Board of Trade, down 4-1/2 to 1-1/4 US cents a bushel in reduced holiday trade. November settled at 5.25-1/4 after posting a 4-1/2 cent range. The outlook for increasing hedge pressure as clearing skies allow midwestern farmersReuter - 215 words
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BANKING AND FINANCE
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Article599 1987-09-26 5 BA Futures DECEMBER Eurodollar yesterday opened sharply lower at 91.62 as com* pared to previous close of 91.73 on concern that rising interest rates abroad would diminish demand for US assets. The December contract was sold off to 91.60 before recovering 91.65 as shorts covered their positions before theBA Futures - 599 words
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Article131 1987-09-26 5 Gold futures on S*o 24 100 troy ounces LtSS p« troy ou nca Open Mgh Law Mb to# 462.10 0:10 CM 442.70 465.00 462.00 462.40 -a 20 Nft 465JO -0.20 tot 449JO 471.JO 464JO 464-70 N* 475JO 477.90 475.00 475.10 Apr ***** 444.00 441.00 ***** Jun 448.00131 words
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Article355 1987-09-26 5 ASIAN DOLLAR deposit rates yesterday closed steady at opening levels after quiet trading. Dealers said most operators were sidelined as they await the outcome of the Group of Five meeting in Washington yesterday and the Group of Seven today. Short-dates were slightly lower at the outset but355 words
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Article61 1987-09-26 5 THE OVERNIGHT RATE on the Singapore interbank market fell point to 3% per cent yeeterday. The one-month term rate remained unchanged while the two- and threemonth rates rose 1/16 point. S$ interbank rates at 7pm yesterday: orm md Oomy 3 1/2 3 1-aw* 4 5/1 4 1/2 2-Mh61 words
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Article86 1987-09-26 5 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OffW KNGH LOW 3 nmitin *****02F 24.12.87 3.31 3.26 3.27 3.25 6 —Kin BS*****Z 21.01.88 3.37 3.32 3.29 3.29 1 yeor 8Y*****M 22.09.88 3.83 3.78 1W 378 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing86 words
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Article, Illustration191 1987-09-26 5 prim* of 12 major tanks In t'pora Interbank market n itea (ollar/bld) On Sap 25 us$ DM SWFC Yon 7 doyt M/I-I/I 10 7/0 4 l/l* 1 13/1* t l/a 7/0 S l/l 3/0 1 aMk 7 7/1* 10 l/l* f l«/l« 4-17/1 3 11/1*— 11/1* 4191 words
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Article1213 1987-09-26 5 INTEREST RATES OPTIONS Trading on Friday, tspfwb ar 20, 1007 EURODOLLAR (8IMCX) 1 >ac 87 caMa DM 87 pan M* IN M M* taw Saa 9050 113 3 9100 69 10 9125 51 13 9150 36 33 35 >4 23 23 9175 23 22 22 37 35 34 92001,213 words
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798 1987-09-26 5 NYT REPORTS in the Japanese press that the Bank ot Japan has decided to tighten monetary policy and encourage higher short-term interest rates sent prices of US Treasury bonds plummeting on Thursday. The reports of a policy shift by the Japanese centrslNYT - 798 words
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Article736 1987-09-26 5 Reuter SINGAPORE: THE US dollar yesterday closed firmer against most major currencies due to short-covering interest ahead of a series of financial meetings in Washington over the weekend, dealers said. It ended at 143.75/85 yen against New York's 143.30/40 finish and at 1.8200/10 marks against 1.8170/75. They saidReuter - 736 words
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Page 5 Advertisements
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Advertisement147 1987-09-26 5 life Treat your family to a sumptuous buffet lunch at the Chao Zhou Garden Restaurant. A delectable spread of Teochew provincial dishes and dian xin accompanied by desserts Deliriously wholesome. And different. Eat all you can for only 11.50+ per adult and $9.50++ per child. Available on Sundays Public Holidays.147 words
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Advertisement90 1987-09-26 5 BARCLAYS NOTICE HH Mr. BJ. Bush, Senior Manager of St Hefier, Jersey Branch will be re-visiting Singapore between the Ist and sth October, 1967, inclusive. He will be available to meet existing and new customers of this major international Bank to discuss banking and other related services. Barclays Bank PLC,90 words
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WORLD MARKETS
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394 1987-09-26 6 Reuter BRITISH PUBLISHER Robert Maxwell suggested on Thursday he was prepared to challenge any takeover attempt by rival newspaper owner Rupert Murdoch for Pearson PLC, the holding company that owns the Financial Times newspaper. Mr Murdoch has built a 14.7 per cent stake inReuter - 394 words
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Article913 1987-09-26 6 New York Reuter WALL STREET stocks, closely tracking a Weakened bond market, finished lower on Thursday in moderate trading. Concern that rising interest rates abroad could diminish demand for dol-lar-denominated securities provided the roadblock that ended a two-day, 93-point rally. The Dow Jones Industrial Average fellReuter - 913 words
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744 1987-09-26 7 London Reuter LONDON shares were little changed in early very quiet trading with the market highly nervous in the wake of a 39 point fall in the FTSE 100 index on Thursday, dealers said yesterday. The Financial Times Industrial Index closed 31.3Reuter - 744 words
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Article998 1987-09-26 7 Selected indices HONGKONG All Industrials Hongkong Index Fridoy Thursday ***** ***** Friday *****4 Thursday H9210 Week ago 3407 3 Week ogo 2406 23 NEW YORK Hang Seng Index Friday *****1* Dow Jones Thursday 2566 42 Thursdoy *****2 W6On01OOY *****7 Week ago 3649 96 Weak ogo 2527 90 TOKYO Stondard Poors998 words
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Article1385 1987-09-26 7 Hongkong tHE HANG SENG Index surged to another closing high on record turnover yesterday as the booming economy continued to attract funds into the stock market. The index climbed 71.69 points to 3,840.11 as turnover rose to HK53.45 billion from Thursday's 3.31 billion. The Hongkong Index1,385 words
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Article133 1987-09-26 7 mp a WOM Kai ***** 600 Kanawon Ind ***** 1714YI 600 790 -100 Cheil Sugar ***** unch Kia Motor Kolon Ind If 'VAJ ***** Dae Ind Daewoo Corp Daewoo Heavy Daiahin Securities Dong Ah Phar ***** ***** ***** ***** ***** 700 600 600 990 -460 Korea Long Term.. Lucky133 words
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Article500 1987-09-26 7 Reuter TOKYO SHARES closed higher yesterday as investors, shrugging off Wall Street's overnight decline and news of higher interest rates, bought in anticipation of today s start of trading in the new financial year, brokers said. The 225-share market average rose 150.98 to 25,095.86, its first close above 25,000Reuter - 500 words
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Article491 1987-09-26 7 Reuter THE AUSTRALIAN share market closed quietly higher in lacklustre trading centred on selected heavyweight stocks, brokers said yesterday. They said options-re-lated trading again dominated the session, with the heaviest turnover in mining stocks. Quality industrials also came under cautious buying pressure, especially food, insurance and merchants. The AllReuter - 491 words
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Article172 1987-09-26 7 Reuter THE SECURITIES Exchange of Thailand Index gained 3.17 to 416.42 yesterday on a turnover of 8,283,271 shares worth 636.42 million baht. Reuter scp n BAHT Ao Kham Thai 236 Ayudttya Invaatmant 418 unch 6 Bangkok Agro-lnd Bangkok Bank Bank Of Ayudttya m 404 404 -10 25 8 CharoongReuter - 172 words
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Article247 1987-09-26 7 MP 29 NT t Kolin o/.uu All Sincere Indue Asia Cement 666 86 50 0.3 4 Kuochan Oev Lea Chang Yuan Cham Indue 64 00 80 00 67 00 3 2.5 3 Cathay Con* ***** 5.5 Nan Ya Plaa 88 50 4 Chang Hwa Bank 405 00 19 88247 words
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Article70 1987-09-26 7 kp a PESOS 1Onontsl B Phil OvSTSSM 0 0725 009 -0012S Anglo Phil Phils* B 048 -OOS Apsi Mining B 0 0650 -0 006 PLOT 184 -16 Ssn Miguel B 166 uncft Basic Pstroisum Bsngust Con B First Phil Hidgs 0016 138 8 SO -0 003 -1 -09 •070 words
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Page 6 Advertisements
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Advertisement961 1987-09-26 6 V- V V s Jttl c > -4.yA fir H T 5? K R* > U ,v. < ---a A MUSICALLY HYAn barbershop TO BROWD^ SEPTEMBER 25 26 See and hear the world-famous barbershop quartet, the Side Street Ramblers blend in perfect chromatic harmony without the aid of musical instruments961 words
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Advertisement141 1987-09-26 6 NULivJin Wj Germany at Hie Belvedere An incredible buffet luncheon of some 60 traditional German favourites it's as good as being in Germany! Daily from September 5 to 27,12.00 to 2.30 pm. Adult: $31/ Child: $15. Prices subject to 10% service charge and 3% govt, tax. The management reserves the141 words
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Page 7 Advertisements
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Advertisement497 1987-09-26 7 J» 1 1 szeciHwn COURT Sumptuous Szechuan cuisine with the right touch of spice. A delightful dining experience indeed. Closed on Tuesdays. 3rd Floor, Westin Plaza. For reservations, call 338 8585 ext. ***** or 330 8310. The Westin Plaza Raffles City 2 Stamford Road. Singapore 0617. Westin hotels Resorts THE497 words
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LETTERS TO THE EDITOR
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Article511 1987-09-26 8 HOW MUCH does it cost to dream? The question may sound strange, but it is not meaningless, indeed, a variety of answers is possible. To a romantic or idealist, it costs everything he has: life rarely allows for dreams, but without them, the romantic or idealist511 words
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Article, Illustration390 1987-09-26 8 Dear Sir I am interested in gold options and have been following them on a daily basis. However, I am confused by the differences between those quoted in BT and those in The Straits Times. For example, on Sep 18, the ST OUB390 words
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84 1987-09-26 8 Mdm Janice Tan - Mdm Janice Tan Dear Sir I have enjoyed reading and have benefited very much from your column on small business enterprises. I would therefore appreciate it if you could enlighten me, in your column, on the pros and cons of acquiring an asset through leasing, hire84 words
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Article264 1987-09-26 8 J M McCormack - J M McCormack Chairman Coopen A Lytofand Dear Sir Certified Public Accountant (Practising), in his letter published in the Weekend Edition of BT (Sep 12-13), is the latest in a long line of correspondents, journalists and others who have suggested that the auditors were somehow responsible264 words
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195 1987-09-26 8 Looi Mei Foog (Miss - Looi Mei Foog (Miss) Dear Sir We refer to the article "Property prices up 16pc in the last half of 1966" (BT. Sep 7). There are inaccuracies in the report: 1) Column 2 (para 2) and column 3 (para 1) In Table195 words
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431 1987-09-26 8 Rossy Ding - Rossy Ding Dear Sir When watching the financial pages of SBC Text. I cannot help but get the impression that both the Singapore Broadcasting Corporation and the Stock Exchange of Singapore are not too concerned with achieving some measure of accuracy431 words
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110 1987-09-26 8 Karmjit Singh - Karmjit Singh Publfc Afelrs Singapore Airlines I fr* Dear Sir We refer to your report "Plans for extra peak flights on Kangaroo Route" published in BT (Sep 12, 1987). We agree with your observation that the major airlines operating110 words
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Page 8 Advertisements
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Advertisement32 1987-09-26 8 YOU and your Horse will love w a <> ji <* CONNOnSSEQJMS For the best and most complete range of Horse Riding, Racing Polo Equipment #03-19, Shaw Centre Scotts Road, Singapore 0922 Tel: *****4932 words
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Advertisement44 1987-09-26 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. Addrees your letters to: The Editor. Business Times, 390, Kim Seng Road, Singapore 0923.44 words
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Page 8 Miscellaneous
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Miscellaneous793 1987-09-26 8 DMWRI CRYPTIC PUZZLE ACROSS 9 The golfer's curse? (5-4) 10 And ice had formed round the vehicle previously (2, 7) 12 Name, when you come round (4) 13 Stopped Sue moving into the flat (6) 14 Remember not finishing it in the performance (7) 15 Tried to find, as expected793 words
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Executive Lifestyle
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Article230 1987-09-26 9 PUBLIC RELATIONS used to be one of the low priority departments of government bodies, some of which had only middle-level officers standing in part-time as public relations officers. Well, times have changed. One statutory board now boasts a public relations manager, who, at every press briefing,230 words
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Article250 1987-09-26 9 TRENDS AMERICANS have been deluged with news stories about the Japanese mastery over the US marketplace and America's Inability to penetrate the markets In Japan. But there's one American product that cannot keep pace with an Insatiable Japanese demand. Japan's national obsession with golf250 words
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Article, Illustration686 1987-09-26 9 CHRISTOPHER TAN - I With CHRISTOPHER TAN THE CURTAINS fell for the last time three Saturdays ago on "No sex please, we're British!". Some time back, when the show was performed in Singapore, it was by circumstance not choice that I had foregone the opportunity686 words
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Article, Illustration1015 1987-09-26 9 BRIAN MILLER - By BRIAN MILLER NEED A WHIP? Or some silver spurs? Then again, how about pampering your favourite filly with a spread of rich gleaming leather, complete, of course, with chrome buckles? Perhaps, some reins? Maybe even a fancy saddle of Spanish leather. Or, for effect,Pictures by LESLEY KOH - 1,015 words
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Executive Lifestyle: Entertainment & Pursuits
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Article, Illustration906 1987-09-26 10 RICHARD SEAH - HEALTH By RICHARD SEAH RANDOM OBJECTS, or whatever came to mind, were being named by an audience attending a talk at Hyatt Hotel last week. A list of 25 items was drawn up. "Now close your eyes and see how many you can906 words
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Article, Illustration448 1987-09-26 10 THE FOOD TEAM - FOOD By THE FOOD TEAM IN SOME Italian restaurants you expect a grand entrance from Placido Domingo, bursting through the doors bellowing Arrivederci Roma! But Prego, Westin Stamford's Italian restaurant, isn't that kind of place. Eqting Italian, for many, recalls small, cosy eateries warm448 words
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Article, Illustration312 1987-09-26 10 THE HEFTY Chinese fellow who greets you at Prego does not believe in a simple "Good afternoon, can I help you?". No. Instead, he rolls his eyes, followed closely by his tongue, and out booms something like: "Bonjiorno! Welcome to Prego. Table-a for three? Righta312 words
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Article, Illustration464 1987-09-26 11 VANESSA LEE - ARTS AND CRAFTS By VANESSA LEE FOR THE Lampung people of southern Sumatra, textiles weren't just pieces of cloth that one added zippers and buttons to and wore. For centuries, textiles dictated social status and played an important part in their ceremonies. With the464 words
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Article, Illustration439 1987-09-26 11 WALTON MORAIS - THEATRE By WALTON MORAIS YOU COULD HAVE cut the tension with a knife. But if anything, this was the flaw in Ted Hughes's adaptation of Seneca's play Oedipus. Performed creditably by the Varsity Playhouse, the depressing tragic play about a man439 words
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Article, Illustration949 1987-09-26 11 JEFFREY TSANG - MOTORING By JEFFREY TSANG IT'S just about a Volvo lover's dream come true. Picture this. Cruising along at 80kmph, the car suddenly enters a bad patch. The road undulates horribly, but rather than pitching like a boat caught in rough waters. the car wafts through. Inside,949 words
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Article636 1987-09-26 11 Sakina Dhilawala - Compiled by Sakina Dhilawala CINEMA: The Witch»» of Ea»twlck starring Jack Nicholson, Cher, Susan Sarandon and Michelle Pfeiffer. Showing at Lido 1V 1.30; 4; 6.45; 9.15. Shanghai Surprise starring Madonna and Sean Penn. Showing at Cathay: 11; 1.30; 4; 6 30 9.15. The Secret Of My Success starring Michael636 words
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Article342 1987-09-26 11 A PROFUSION of textures and: "moving" details promises to. turn the Crystal Ballroom at the* Hyatt Hotel into a designer salon* today when designer Guy Lar-t oche presents his Autumn/Winter: haute couture collection here. Top Parisian models will; show off coats, suits, dresses, cocktail and evening342 words
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Executive Lifestyle: Sports
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Article, Illustration519 1987-09-26 12 WALTON MORAIS - GOLF By WALTON MORAIS THE Singapore Golf Association's decision to hold a special trial to select the Republic's team for the Nomura Cup competition has run into some opposition. International Douglas Ooi, who represented Singapore in the Putra Cup and the SEA Games, has519 words
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Article, Illustration366 1987-09-26 12 AP THE US is sending Curtis Strange and Tom Kite against Sam Torrance and Howard Clark In the opening match of the 1987 Ryder Cup competition. American captain Jack Nicklaus left US Open champion Scott Simpson and Ben Crenshaw on theAP - 366 words
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403 1987-09-26 12 AP 808 EASTWOOD, claiming he wtnt to Texas largely to hunt dove, shot a seven-under-par 65 on Thursday to take a one-shot lead over five golfers after the first'round of the US$4OO,OOO Southwest Golf Classic. "Golf just gets in the way of my hunting," theAP - 403 words
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328 1987-09-26 12 TENNIS AP SECOND-SEEDED Brad Gilbert defeated Kelly Evernden of New Zealand 6-3, 7-6 on Thursday night to move into the quarter finals of the U*****,000 Volvo Tennis-Los Angeles tournament. Gilbert's victory came after Andre Agassi knocked fifth-seed-ed Guy Forget of France out of theAP - 328 words
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Article, Illustration697 1987-09-26 12 CRICKET Reuter THE FOURTH World Cup cricket tournament, starting in about two weeks in India and Pakistan, promises a month s excitement for a vast audience but extreme anxiety for the organisers. Even without such stars as all-rounders lan Botham ofReuter - 697 words
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Article, Illustration684 1987-09-26 12 MIKE THUMBA - BRIDGE By MIKE THUMBA LAST WEEK we discussed the opening leads against suit contracts: leading from honour combination, from short suits, trump leads and leading from a suit bid by partner. Playing a no-trump contract is a tricky affair for both the defence and the declarer.684 words
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582 1987-09-26 12 Brian Miller - RACING on TMCK with Brian Miller JOCKEY K L OO can consolidate his position at the top of the local rider's table by taking a double in Kuala Lumpur this afternoon. The young hoop, who right582 words
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Article219 1987-09-26 12 Reuter NELSON BUNKER HUNT, one of horse racing's most famous owners and breeders, is dispersing his entire 570-strong breeding and racing stock. They will come up for auction at a special two-day session at the Keenefand sales in Kentucky in January, David Hedges, EuropeanReuter - 219 words
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176 1987-09-26 12 RUGBY/FOOTBALL AFP AUSTRALIA is in the grips of tooty fever, with Prime Minister Bob Hawke and Wimbledon champion Pat Cash smong the afflicted. In Sydney and Melbourne this weekend, the rival professional codes of rugby league and Auetralia Rules football reech their annualAFP - 176 words
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Executive Lifestyle: Personal Investment
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719 1987-09-26 13 Keeping track: plantations IN AN OTHERWISE lacklustre market this week, Malaysian plantation stocks have stood out as firm spots, posting doubledigit gains since Wednesday. Renewed interest in that sector comes amid firmer prices for natural rubber, which has touched 15-year highs on world719 words
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165 1987-09-26 13 FOREIGN EQUITIES FUND MANAGERS from the US are expected to commit more funds into foreign equity markets over the next three years, a New York investor relations firm, Broadgate Consultants Inc has said. Because of the long-term growth potential seen in markets such as the165 words
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Article, Illustration292 1987-09-26 13 Ramesh Chandiramani - @gmw -by Ramesh Chandiramani. THE LOCAL market tried, but it just couldn't continue dropping lower this week. After last weeks backbreaking 73-pomt plunge, the Straits Times Industrial Index had already become quite oversold And when it fell another 35 points on Monday, the292 words
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Article, Illustration809 1987-09-26 13 RAMESH CHANDIRAMANI - SHIPPING By RAMESH CHANDIRAMANI FOR NEPTUNE Orient Lines, the prolonged recession in the shipping trade appears to have finally come to an end. After four consecutive years of widening losses totalling over $129 million, the local shipping group has swung back809 words
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1299 1987-09-26 13 ROSIE TAN - BONDS By ROSIE TAN IN THESE DAYS of world-wide stock market bull runs, many people have come to think that investing in shares is one of the best and fastest ways to increase wealth. Singaporeans, too, are pulling their savings out1,299 words
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1001 1987-09-26 13 LISA LEE - STOCK MARKET BECinnER'5 A coRnER Hi By LISA LEE HAVE YOU ever had an occasioi when a hot, sure-fire tip cam» your way, and just as soon a you acted upon it, the marke suddenly decided to take a dive1,001 words
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Page 9 Advertisements
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Advertisement23 1987-09-26 9 The American Express* Card can usually be replaced within 24 hours or the next business day. Call us at 732 2244. Here tomorrow23 words
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Advertisement100 1987-09-26 9 I The Architects of Time 1x i MMMMIHI 'W X ,J *+T f* •2^ 9k We know more about timepieces. SINGAPORE Lucky Plaza #01-36 Tel: *****20/1 When you shop at The Hour Glass you shop with confidence. You shop with the absolute assurance of the authenticity of every timepiece you100 words
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Page 10 Miscellaneous
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Miscellaneous2578 1987-09-26 10 Gershwin, Ohara and the Emmy Awards Movies MHI atter their divorce. This seven-pai Hero is set in the wilds of 6th-century Scotland, filmed in Gaelic and features a J ft W non-professional cast, but try not to let that V I A deter you. It's a loose amalgam of legend2,578 words
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Page 11 Advertisements
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Advertisement51 1987-09-26 11 11 Sit i y Get that winning spirit Ferrari Formula is a fx>!d expression of style .uid elegance. Ch<x>se from a wide range of high-tech Ferrari Formula watches pens, lighters and leather goods. BY Ferrari formula 6. Scotts Road. #01-16 Scons Singapore 0922 Telephone *****08 a Ttemon at it* MSM51 words
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Page 13 Advertisements
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Advertisement29 1987-09-26 13 BT welcomes investment ideas and viewpoints,, from brokers, bankers and readers. Address all; correspondence to: The Editor, Personal Invest-" ment, Business Times, 390 Kim Seng Road, S pore 0923.29 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration4431 1987-09-26 14 SHARE PRICES closed firmer yesterday, with several counters posting doubledigit gains, on some bar-gain-hunting and short-cov-ering in quiet trading. The Straits Times Industrial Index gained 11.06 points to 1,381.67 while the BT Composite Index rose 6 99 points to 1,237.36 During4,431 words
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Article253 1987-09-26 14 SINGAPORE Rises Indlcss *i*i ol A*el Kg tor** $1.50 Sal Cocanuti Parfc Plant Mtcapa MatakoH M lonking GanHngt Strom Trodtag SM Vla» Ku«m Msio SOf IMS 0 s Wand 4 Pan Spora Land Spora ki IPN C K Tang N S T Jvrong Eng 50( 190 530253 words
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Article3740 1987-09-26 14 BID and offer price* officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT*.3,740 words
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Article198 1987-09-26 14 JACK CHIA-MPH Limited: AGM at Tai-Pan Ramada Hotel, Pine Room. 3rd Storey, 101 Victoria Street, Singapore 0718, today at noon. KAMUNTING TIN DREDGING (M) Berhad: 10th AGM at Johore Room, Shan-gri-La Hotel, No 11. Jalan Sultan Ismail. ***** Kuala Lumpur on Monday, Sep 28. at 10 30am. KINTA198 words
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COMPANY NEWS
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Article, Illustration315 1987-09-26 15 MALAYSIAN-CHINESE entrepreneur Percy Chan, attracted by high yields in the Hongkong property market which he expects will last for a few years, is taking over Hongkong property firm Sun On Estate Co Ltd for HK$ll4 million. The acquisition will be made through315 words
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Article, Illustration767 1987-09-26 15 OF THE THREE main crops it grows, plantation group Consolidated Plantations Bhd is most bullish on oil palm, saying that it is a crop with greater overall long-term profitability compared with rubber and cocoa. Arising from this confidence, Consolidated Plantations is to continue767 words
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Article347 1987-09-26 15 MBT MYCOM, formerly Toshbar Corp, has gone on an acquisition trail, buying two companies and a building which will cost the company about Ms 63 million. Mycom announced yesterday that it had entered into agreements to buy 9.45 million Msl shares or 70 perMBT - 347 words
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2721 1987-09-26 15 BUYERS made a strong comeback on the Kuala Lumpur stock market yesterday as share prices were chased higher across the board. Plantation stocks led gainers with double-digit advances. The improved sentiment was probably encouraged by the overnight run-up of plantation stocks. Buying spilled2,721 words
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Article286 1987-09-26 15 Managers' price* DBS Bank for Sep 26 28 Shenton Gr fund 1 06 Ml* Singapore Unit Trust Jopon Gf fund 1 49 Shenton Thrift fund 099 1 54 099 The Commerce The Savings fund 121 107 1 26 1 14 UOB Management S pot* Prog fund 046 0286 words
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Article, Illustration327 1987-09-26 15 Reuter JARDINE MATHESON Holdings Ltd is expecting continued growth after reporting a sharp rise in interim profit to HK$325 million. Chairman Simon Keswick said in a statement the outlook for the remainder of 1987 was favourable. "Looking further ahead, we expect the policies we haveReuter - 327 words
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COMPANY BRIEFS
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112 1987-09-26 15 THE CYCLE CARRIAGE group is to distribute only Mitsubishi passenger vehicles (including light commercial vehicles such as vans and pickup trucks; plus spare parts) in Singapore from Sep 30 onwards. This follows an amendment to the distributorship agreement with Mitsubishi Motors Corporation of Japan. After the112 words
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Article150 1987-09-26 15 KIAN JOO Can Factory has recently secured about Ms 4 million of export orders for the supply of tin cans, printed tinplate sheets and can components to Hongkong. This is believed to be the first time any tin-can manufacturer in Malaysia has ever exported150 words
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Article197 1987-09-26 15 UNITED OVERSEAS BANK has secured a 71.7 per cent stake in Industrial Commercial Bank following more acceptances of its takeover offer. As at Sep 24, it has received acceptances amounting to 21.86 million ICB shares. This, together with 13.99 million shares held by (JOB197 words
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Page 15 Advertisements
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Advertisement373 1987-09-26 15 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE NAMES OF SHIPS We, Hiap Shing Shipping Pte Ltd of 1, Sophia Road #05-03 Peace Centre, Singapore 0922 hereby give notice that we have applied to the Registrar of Singapore Ships under Section 386 of The Merchant Shipping Act (Chapter 179 1985 Revised Edition)373 words
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Article, Illustration494 1987-09-26 16 SOH TIANG KENG - Total volume for the day was 500 lots By SOH TIANG KENG, Financial Correspondent OPTIONS TRADING got off to a cautious start yesterday at the Singapore International Monetary Exchange. Total volume on options traded for the whole day was a moderate 500 lots494 words
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292 1987-09-26 16 LEADING investment analysts and fund managers here last night took a major step towards higher professionalism and integrity when they launched a club with strong US links. Headed by Mr George Teo. deputy chairman of the Stock Exchange of Singapore, the club is the292 words
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Article65 1987-09-26 16 AFP WEST GERMANS have long boasted that their beer is the world s purest. But that could be pure myth, according to chemists in a Cologne laboratory, who say that it too contains chemicals. Scientists tested 72 brews from Bavarian Weizen to Pils to CologneAFP - 65 words
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184 1987-09-26 16 AP UNDER US pressure, South Korea has decided to reduce tariffs on 132 more items by five to 10 percentage points, the Finance Ministry announced yesterday. Tariff rates on the products, including cosmetics, machine tools and computers, will be lowered to 15 toAP - 184 words
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440 1987-09-26 16 Reuter FIJIAN ARMY LEADER Colonel Sitiveni Rabuka seized power for the second time in five months yesterday, only three days before the setting up of a bipartisan government aimed at restoring democracy. Colonel Rabuka's troops took over the twoReuter - 440 words
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344 1987-09-26 16 Bernama OPPOSITION leader Lim Kit Siang has not yet made a police report on his allegations of corrupt practice in the award of a contract to United Engineers (M) Bhd for the proposed M 53.4 billion North-South highway project, the KualaBernama - 344 words
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Article154 1987-09-26 16 Bernama THE ROYAL Malaysian Navy (RMN) is going ahead with the purchase of the British-made Wasp naval helicopters. Chief of Defence Forces General Tan Sri Ghazali Che Mat said yesterday negotiations on the matter were still going on. The navy needed the helicopters forBernama - 154 words
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92 1987-09-26 16 AP THE FIRST ruling-party law-mak-er to resign over the Indian-Sri Lankan peace accord said yesterday that he believes Indian troops will occupy the island nation permanently. Member of Parliament Asoka Somaratne, a member of President Junius Jayewardene's United National Party, resigned on Thursday. He denouncedAP - 92 words
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Article83 1987-09-26 16 AFP AUSTRALIA and New Zealand both put their navies on alert yesterday ready for any evacuation of their nationals following the military coup in Fiji. Australian Prime Minister Bob Hawke said he had put the Royal Australian Navy on stand- by in Sydney HarbourAFP - 83 words
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Article434 1987-09-26 16 ANNA TEO - By ANNA TEO WHILE Singaporeans are being coaxed to say "I do", a rising number of those who have tied the knot have been declaring "I didn't". Annulment of marriages is on the steady rise, and more than half the annulments last434 words
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LATE FILE
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Article72 1987-09-26 16 AFP BUSINESS leaders yesterday told Philippine President Corazon Aquino they were still bullish on the economy, as the government announced a 12.6 per cent rise in export earnings in the first seven months of the year. Trade Secretary Jose Concepcion told reporters export revenue from January toAFP - 72 words
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Article61 1987-09-26 16 AP THE EUROPEAN Community announced yesterday it has launched an inquiry into charges of dumping by South Korean and two Japanese manufacturers of videotape recorders. The investigation follows a complaint by the European Association of Consumer Electronics Manufacturers that the retail prices of imported VTRs wereAP - 61 words
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Article64 1987-09-26 16 AFP WEST GERMANY'S trade surplus fell in August for the third successive month to DM6.5 billion compared with DMB.I billion in August 1986, the Federal Statistical Office said yesterday. But cumulative figures for the first eight months of the year showed that the surplus was slightlyAFP - 64 words
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Article50 1987-09-26 16 AFP CLUB VOLVO, Hongkong's premier night spot planning to go public, said yesterday its chairman was local businessman Law Cheuk, and not the chairman of the Hongkong Stock Exchange Ronald Li. Rumours concerning the involvement of Li had sparked criticism from the local financial community. AFPAFP - 50 words
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Article50 1987-09-26 16 Reuter SONY CORP has developed a 45-inch trinitron colour picture television tube which it believes to be the world's largest. A spokesman said Sony has no immediate plans to commercialise the 115 kg tube, but could quickly do so in response to market demand. ReuterReuter - 50 words
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Article76 1987-09-26 16 AP RELATIVES of missing US soldiers vowed yesterday to sail to Vietnam's coast and send over balloons containing reward offers for the rescue of American war prisoners even though the US government has criticised the idea. They would return to the US to makeAP - 76 words
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Page 16 Advertisements
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Advertisement331 1987-09-26 16 Dangers of labour unrast, Paga 3 on achievement Business Times, Singapore's foremost business paper, and DHL, the world's leading courier, are proud to announce that the search is on for Singapore's Businessman of the Year, for the individual who strove for success and so made the most notable contribution to331 words
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Advertisement261 1987-09-26 16 File this in October WE SPEND up to a third of our lives there. Some, well over half their waking hours. Many of our best moments and a few of our worst are played out in its inner spaces. And we strive at all levels to make it a conducive261 words
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